Getting Started with JD Edwards EnterpriseOne General Accounting

This chapter discusses:

JD Edwards EnterpriseOne General Accounting overview.
JD Edwards EnterpriseOne General Accounting business processes.
JD Edwards EnterpriseOne General Accounting integrations.
JD Edwards EnterpriseOne General Accounting implementation.

JD Edwards EnterpriseOne General Accounting Overview

Typically, a company uses some type of general ledger application to successfully manage its financial activities. The financial activities might include allocating revenue and expenses among various departments within the company, eliminating intercompany transactions, reconciling account balances, and projecting budgets for future periods and reviewing them against the actual activity.

With the JD Edwards EnterpriseOne General Accounting system from Oracle, you can organize, maintain, record, and analyze financial information. For example, you can:

Access account balances and consolidated information at any time during an accounting period.
Create high-level budget projections or detail-level budgets and compare your budget-to-actual figures online by using any time frame.
Forecast revenue and expense budget amounts up to 15 years in the future.
Project future cash requirements and effectively manage your cash accounts.
Produce cash flow statements that show the historical changes in cash and cash equivalents during a specified period of operations.
Create intercompany settlements automatically for transactions between companies.

JD Edwards EnterpriseOne General Accounting Business Processes

This process flow illustrates the JD Edwards EnterpriseOne General Accounting business processes:

General Accounting process flow

We discuss these business processes in the business process chapters in this implementation guide.

JD Edwards EnterpriseOne General Accounting Integrations

The JD Edwards EnterpriseOne General Accounting system integrates with these JD Edwards EnterpriseOne systems:

Systems that integrate with General Accounting

The JD Edwards EnterpriseOne General Accounting system works with other JD Edwards EnterpriseOne systems to ensure that all information is fully integrated into the general ledger. We discuss integration considerations in the implementation chapters in this implementation guide. Supplemental information about third-party application integrations is located on the Oracle | PeopleSoft Customer Connection website.

JD Edwards EnterpriseOne Workforce Management

The JD Edwards EnterpriseOne Payroll system from Oracle creates general ledger transactions for labor, labor billing distribution, disbursements, and so on during the payroll cycle.

JD Edwards EnterpriseOne Financial Management

The JD Edwards EnterpriseOne Financial Management systems from Oracle create general ledger transactions for invoices and vouchers, receipt and payment processing, and so on.

JD Edwards EnterpriseOne General Accounting also integrates with the JD Edwards EnterpriseOne Contract Billing system by enabling you to include burdening transactions in the Billing Detail Workfile table (F4812).

JD Edwards EnterpriseOne Localization

The JD Edwards EnterpriseOne Localization systems from Oracle create general ledger transactions for journal entries with taxes that are used by certain countries.

JD Edwards EnterpriseOne Capital Asset Management

The JD Edwards EnterpriseOne Capital Asset Management systems from Oracle create general ledger transactions for depreciation, asset transfers, vouchers, equipment, billing, and so on.

JD Edwards EnterpriseOne Logistics Management

The JD Edwards EnterpriseOne Logistics Management systems from Oracle create general ledger transactions during the processes for sales order update, purchase order receipt, voucher match, and so on.

JD Edwards EnterpriseOne Multi-mode Manufacturing

The JD Edwards EnterpriseOne Multi-mode Manufacturing systems from Oracle create general ledger transactions for material issues, completions, labor hours, variances, and so on during the manufacturing accounting process.

JD Edwards EnterpriseOne Homebuilder Management

The JD Edwards EnterpriseOne Homebuilder Management system from Oracle creates general ledger transactions for lot closes and progress payments.

JD Edwards EnterpriseOne Real Estate Management

The JD Edwards EnterpriseOne Real Estate Management system from Oracle creates general ledger transactions during invoice and voucher entry.

JD Edwards EnterpriseOne Service Management

The JD Edwards EnterpriseOne Service Management system from Oracle creates general ledger transactions for inventory costs.

JD Edwards EnterpriseOne General Accounting Implementation

This section provides an overview of the steps that are required to implement the JD Edwards EnterpriseOne General Accounting system.

In the planning phase of your implementation, take advantage of all JD Edwards EnterpriseOne sources of information, including the installation guides and troubleshooting information. A complete list of these resources appears in the preface in About This Documentation with information about where to find the most current version of each.

When determining which electronic software updates (ESUs) to install for JD Edwards EnterpriseOne General Accounting, use the EnterpriseOne and World Change Assistant. EnterpriseOne and World Change Assistant, a Java-based tool, reduces the time required to search and download ESUs by 75 percent or more and enables you to install multiple ESUs at one time.

See JD Edwards EnterpriseOne Tools 8.98 Software Update Guide

For information about the Oracle Business Accelerator solution for implementation of JD Edwards EnterpriseOne General Accounting, review the documentation available.

See http://www.peoplesoft.com/corp/en/iou/implement/rapid_start/rapid_start_prtr_notes.jsp

Global Implementation Steps

This table lists the suggested implementation steps for the JD Edwards EnterpriseOne General Accounting system:

Step	Reference
1. Set up fiscal date patterns, companies, and business units.	See Setting Up Organizations.
2. Create the chart of accounts and set up accounts and subledgers.	See Creating the Chart of Accounts.
3. Set up the General Accounting constants.	See Setting Up Constants for General Accounting.
4. Set up multicurrency processing.	See Understanding Multicurrency Setup.
5. Set up ledger type rules.	See Setting Up Ledger Type Rules for General Accounting.
6. Enter address book records.	See Entering Address Book Records.

JD Edwards EnterpriseOne General Accounting Implementation Steps

This table lists the suggested application-specific implementation steps for JD Edwards EnterpriseOne General Accounting:

Step	Reference
1. Set up user-defined codes (UDCs), ledger types, automatic accounting instructions (AAIs), and business unit supplemental data.	Setting Up User-Defined Codes for General Accounting Setting Up the General Accounting System Setting Up AAIs for General Accounting Setting Up Business Unit Supplemental Data
2. Set up next numbers by system and by company and fiscal year.	See Setting Up Next Numbers.
3. Set up batch approval and post security for journal entries. Set up approved and secured users.	See Setting Up Batch Approval and Post Security.
4. Set up AAIs for account reconciliation and reconciliation codes.	See Setting Up Account Reconciliation.
5. Set up UDCs, bank account cross-references, automatic bank statement accounts, and automatic reconciliation rules and groups.	See Setting Up Automatic Bank Statement Processing.
6. Set up growth patterns and assign them to business units.	See Setting Up Growth Patterns.
7. Set up cash type rules for the JD Edwards EnterpriseOne Accounts Receivable, JD Edwards EnterpriseOne Accounts Payable, and JD Edwards EnterpriseOne General Accounting systems and define a cash forecast report structure.	See Setting Up Cash Forecasting.
8. Set up cash flow activity codes, normal balance codes, and cash flow rules.	See Setting Up Statements of Cash Flow.
9. Set up document types for cash basis entries, assign the document types to the actual amounts (AA) ledger, and set up AAIs for unapplied receipts and accounts payable and accounts receivable balance accounts.	See Setting Up Cash Basis Accounting.
10. Set up 52-period fiscal date patterns and assign the dates to a company.	See Setting Up 52 Period Accounting.
11. Set up sales tax using Vertex Sales Tax Q Series.	See Mapping Fields from Vertex Sales Tax Q Series System to JD Edwards EnterpriseOne Software.