Defining Account Types, Accounts, and Account Nodes
This section provides an overview of account types, accounts, and account nodes and discusses how to:
Define account types.
Define accounts.
Define account nodes.
Pages Used to Define Account Types and Accounts
Page Name |
Definition Name |
Navigation |
Usage |
---|---|---|---|
Account Types |
ACCT_TYPE |
|
Define account types to assign to each account. Account types typically designate balance sheet or income statement accounts. |
Accounts |
ACCOUNT_TBL1 |
|
Define accounts. |
Account Nodes |
PF_ACCT_NODE_DFN |
|
Define the account nodes that you use to assign accounts to an account tree. |
Understanding Account Types, Accounts, and Account Nodes
Accounts categorize monetary values stored in ledgers and classify the nature of a transaction. Typically you can load subsidiary ledger accounts by using the extract, transform, and load (ETL) tool within PeopleSoft EPM, but you may need to create the accounts used by your consolidation ledger.
Account types categorize accounts that normally appear on a balance sheet versus those that appear on an income statement, and also specify whether or not accounts are balance forward accounts. You need to define your organization's account types and assign the balance forward flag appropriately. When you define a new account, you associate it with an account type.
Account nodes are used with account trees to associate detailed accounts with the tree. In this example, the account nodes CASH, RECEIVABLES, INTERUNITREC, and INVENTORIES are all assigned ranges of detailed accounts.
Image: Account Rollup Tree showing account nodes and their associated accounts
This example illustrates the fields and controls on the Account Rollup Tree showing account nodes and their associated accounts. You can find definitions for the fields and controls later on this page.
Account Types Page
Use the Account Types page (ACCT_TYPE) to define account types to assign to each account.
Account types typically designate balance sheet or income statement accounts.
Image: Account Types page
This example illustrates the fields and controls on the Account Types page. You can find definitions for the fields and controls later on this page.
Accounts Page
Use the Accounts page (ACCOUNT_TBL1) to define accounts.
Image: Accounts page
This example illustrates the fields and controls on the Accounts page. You can find definitions for the fields and controls later on this page.
Monetary Account Type |
Select the account type associated with this account. |
Within the Account region, indicate which application this account is associated with.
GL Account |
Select for your Global Consolidation accounts. This indicates that the account is a transaction-based account. |
The remaining fields on this page do not apply to PeopleSoft Global Consolidations.
Account Nodes Page
Use the Account Nodes page (PF_ACCT_NODE_DFN) to define the account nodes that you use to assign accounts to an account tree.
Image: Account Nodes page
This example illustrates the fields and controls on the Account Nodes page. You can find definitions for the fields and controls later on this page.
On the Account Nodes page, define account nodes which you will later associate with trees and assign accounts to. The Account Nodes page displays an Effective Date, Status, and Description for each node.