ChartField Inheritance Page

Use the ChartField Inheritance page(CF_INHERIT) to specify inheritance options for all non bank-related accounting entries, such as supplier liabilities, customer receivables, VAT, expenses, and so on.

Navigation:

Setup Financials/Supply Chain, and then Common Definitions, and then Design ChartFields , and then ChartField Inheritance

This example illustrates the fields and controls on the ChartField Inheritance page. You can find definitions for the fields and controls later on this page.

Field or Control

Description

Inheritance Group

PeopleSoft Payables is delivered with three inheritance groups: Payables Header Level Entries: Defines the inheritance to use when generating entries for the vouchering PeopleSoft General Ledger business unit. The PeopleSoft Payables liability entry uses this inheritance group. Payables Distrib Level Entries (payables distribution level entries): Defines the inheritance to use when generating entries for the distribution line PeopleSoft General Ledger business unit. Allocated freight uses this inheritance group. Payables VAT Non-Recoverable: Defines the inheritance to use in generating nonrecoverable VAT entries. Note: To fully understand how these inheritance groups work, you must also understand how allocation and proration work in PeopleSoft Payables.

Field or Control

Description

Inheritance Option

Select an inheritance option for each ChartField within each of the three PeopleSoft Payables inheritance groups. Values are: Always Inherit: The ChartField value is always inherited from the distribution entries on the transaction, regardless of whether the ChartField value is in the same PeopleSoft General Ledger business unit. Select this value only if all business units share the same ChartField values; otherwise, the inherited value could be invalid. Do Not Inherit: The ChartField value is inherited from the accounting template for that distribution account type (DST_ACCT_TYPE), not from the transaction itself. Inherit Within Unit: The ChartField value is inherited from the distribution entries on the transaction, but only if the other entry is in the same PeopleSoft General Ledger business unit. Otherwise, the system uses the business unit default (of the nondistribution PeopleSoft General Ledger business unit). Use Unit Definition: The ChartField value is the default value that is associated with the PeopleSoft General Ledger business unit. Default values come from the values on the Inter/IntraUnit page in the General Ledger Definition component (BUS_UNIT_TBL_GL).

Setting Up Inheritance Options

For inheritance to generate the appropriate accounting entry lines, set up your inheritance options using the following guidelines.

This table lists the options for balanced and nonbalanced ChartFields for each inheritance group when you use the Summary Control posting method:

Inheritance Group	Balance ChartField	Nonbalanced ChartField
Payables header level entries	Use Unit Definition	Use Unit Definition, Do Not Inherit
Payables distribution level entries	Always Inherit	Any of the four options
Payables VAT nonrecoverable	Always Inherit, Inherit Within Unit	Any of the four options

This table lists the options for balanced and nonbalanced ChartFields for each inheritance group when you use the Detail Offset posting method:

Inheritance Group	Balance ChartField	Nonbalanced ChartField
Payables header level entries	Always Inherit, Inherit Within Unit	Any of the four options
Payables distribution level entries	Always Inherit	Any of the four options
Payables VAT nonrecoverable	Always Inherit, Inherit Within Unit	Any of the four options

Define ChartFields as balanced or nonbalanced in the Detail Ledger Group component (DETAIL_LEDGER_GROU).