Understanding the Accounting Structure
This topic explains the elements that the Accounting Line Creation job process (CM_ALC) uses to create accounting entries. PeopleSoft Cost Management enables you to create accounting entries, at any level of detail, for all transactions that have a financial impact on PeopleSoft Inventory and PeopleSoft Manufacturing. When setting up the accounting structure, you decide how you want to post transactions. You can post transactions for any combination of business unit, transaction group, distribution type, and either item or item group. You can design transaction accounting for the basic transactions, location accounting, budget checking, interunit transfers, fund accounting, shipments on behalf of another revenue stream, and interunit expensed issues. The Accounting Line Creation process is discussed in the "Costing Transactions and Creating Accounting Entries" topic.
Field or Control |
Description |
|---|---|
FERC Code (Federal Energy Regulatory Commission code) |
Federal Energy Regulatory Commission identification codes. This field appears only if you select FERC reporting on the PeopleSoft Inventory Options page. |
ChartFields |
Chart of accounts used to record accounting entries and journal entries in PeopleSoft. |
Cost Element |
Code used to categorize the different components of an item's cost and also define the debit and credit ChartFields for accounting entries. |
Transaction Group |
Predefined codes attached to different types of transactions, such as stocking, issues and adjustments. |
Distribution Type |
User-defined codes that are a subset of transaction groups. This enables you to break down a transaction group into customized categories. |
Item Group |
A grouping of items that enable you to design the accounting structure for a group of similar items, such as sporting equipment or dress shoes. The item group is attached to an item using the Item Definition - General page. |