ChartField Options Page

Use the ChartField Options page (BNK_CF_OPTIONS_SEC) to specify inheritance options for PeopleSoft Payables bank-related accounting entries, such as cash, cash clearing, draft control, and so on.

Navigation:

Click the Edit Inheritance Options button next to an account type field on the External Accounts page

The ChartField Options page is similar to the ChartField Inheritance page except that you specify options for bank-related accounting entries.

Field or Control	Description
Acct Type (account type)	You must set up bank-related ChartField inheritance options for three account types (SetID, bank, and account) for payment posting. Use the same inheritance options for all three of these account types: Payables Cash Account: The ChartFields used to process cash entries. Payables Control Account: The ChartFields used with cash clearing and disbursements in transit. Payables Draft Account: The ChartFields used to process drafts.
Inheritance Option	Select an inheritance option for each ChartField name within each of the three PeopleSoft Payables account types: Always Inherit: Cash ChartFields come from the offsetting accounts payable accrual entry. Do Not Inherit: This is the default value. ChartField values are explicitly defined on the ChartFields tab of the External Accounts page by the user. If you change from Do not Inherit to another value, when you click OK and return to the External Accounts page, the ChartField that you changed is no longer available for entry. When creating the cash clearing entries during the Payment Posting process, the system uses the default values from the External Account page for that SetID, bank, account, and distribution account type. Inherit Within Unit: Cash ChartFields come from the offsetting entry if the ChartField is within the same business unit. If the entry is not from the same PeopleSoft General Ledger business unit, values come from the business unit that appears by default for the PeopleSoft General Ledger business unit that is associated with the bank. Use Unit Definition: Default values come from the values on the Inter/IntraUnit page in the General Ledger Definition component, regardless of the offsetting transaction. This is based on the PeopleSoft General Ledger business unit of the bank.

Field or Control

Description

Acct Type (account type)

You must set up bank-related ChartField inheritance options for three account types (SetID, bank, and account) for payment posting. Use the same inheritance options for all three of these account types:

Payables Cash Account: The ChartFields used to process cash entries.

Payables Control Account: The ChartFields used with cash clearing and disbursements in transit.

Payables Draft Account: The ChartFields used to process drafts.

Inheritance Option

Select an inheritance option for each ChartField name within each of the three PeopleSoft Payables account types:

Always Inherit: Cash ChartFields come from the offsetting accounts payable accrual entry.

Do Not Inherit: This is the default value. ChartField values are explicitly defined on the ChartFields tab of the External Accounts page by the user. If you change from Do not Inherit to another value, when you click OK and return to the External Accounts page, the ChartField that you changed is no longer available for entry. When creating the cash clearing entries during the Payment Posting process, the system uses the default values from the External Account page for that SetID, bank, account, and distribution account type.

Inherit Within Unit: Cash ChartFields come from the offsetting entry if the ChartField is within the same business unit. If the entry is not from the same PeopleSoft General Ledger business unit, values come from the business unit that appears by default for the PeopleSoft General Ledger business unit that is associated with the bank.

Use Unit Definition: Default values come from the values on the Inter/IntraUnit page in the General Ledger Definition component, regardless of the offsetting transaction. This is based on the PeopleSoft General Ledger business unit of the bank.

Related Topics

PeopleSoft Banks Setup and Processing: Defining External Account Information