Understanding PeopleSoft Interunit and Intraunit Functionality

The PeopleSoft interunit and intraunit functionality includes common setup pages and shared processing to manage interunit and intraunit transactions across its products. You can create a transaction that crosses business units within the same ledger group, and entities, or balancing ChartFields without having to explicitly enter the interunit or intraunit balancing accounting entries. The interunit unit processor creates the interunit and intraunit balancing entries automatically when you have implemented this functionality.

With interunit and intraunit processing, the system uses the minimal number of accounting lines that you must provide and it automatically completes the entire transaction by generating the necessary balancing lines or entries for both the appropriate entities and accounts.

To use centralized interunit and intraunit processing effectively, your accounting environment must be such that you allow cross-entity entries directly to balance sheet, expense or to clearing accounts at some level or levels among the related entities in your organization. Once you establish the necessary accounting protocols to be used in conjunction with interunit and intraunit functionality, minimal input is required from you for the system to complete the cross entity balancing entries necessary when transactions occur between related entities or sets of balanced books.

Partial or minimal interunit and intraunit entries can be unbalanced or cross-entity and are created and processed by many procedures in the various PeopleSoft products.

This topic discusses:

• Balancing ChartFields.

• Affiliate ChartFields.

• Balancing methods.

• Anchor entity.

• Product interface and system transaction categorization.

• Organizational and legal categorization of transactions.

• Inter/IntraUnit templates.

• Interunit pairs.

• Summarization of interunit and intraunit journal lines.

• Products using interunit and intraunit processing.