What is pc business unit?
A Project Costing Business Unit, or PC Bus Unit, organizes project activity independently of the constraints of the standard accounting procedures for financial posting and reporting. The PC Bus Unit is used to gather and group all transactions for an organizational unit. A PC Bus Unit has five characters.
What is a business unit in PeopleSoft?
In a PeopleSoft system, a business unit is an operational subset of an organization. Business units can be independent legal entities, or organizations that need to segregate their financial data for accounting purposes, or operational centers that segregate their operations for management purposes.
What is Project Costing in PeopleSoft?
Oracle’s PeopleSoft Project Costing is a fully integrated project financial management solution offering advanced budgeting, costing, burdening, and analysis to support the needs of the most complex project-driven enterprises. KEY BENEFITS. • Establish Consistent Project Planning.
How do I add a business unit in PeopleSoft?
Defining Additional Business Unit Parameters. Access the General 2 page (select Set Up SACR, then select Product Related, then select Student Financials, then select SF Business Unit, then select General 2).
What is the difference between Setid and business unit in PeopleSoft?
Set Ids enable the sharing of a set of control table information across two or more Business Units. Business Unit organizes your company or your organization, SetIDs help you organize your data within the system.
How do you create a project in Peoplesoft?
Another way to create a new project is to open an existing project, select File, Save Project As, and then enter a new name for the project. The system copies all of the existing definitions in the project.
What is the difference between SetID and business unit in PeopleSoft?
What is record group in PeopleSoft?
A Record Group is a group of related records, keyed by SetID, which define the valid values for one or more fields in PeopleSoft. Related values are keyed with/under a single Record Group. For example, Record Group FS_02 defines edit tables related to Calendars.
What is master data in PeopleSoft?
An ERP system like PeopleSoft financial applications needs to record and store enormous amounts of data. Master (Setup) data: These are the data elements that are needed to enable the system to perform its business transactions.
How do you create a new project in application design?
Creating New Projects To create a new project: Select File, New. Highlight Project as the new definition type to create and click OK.
What is TableSet control in Peoplesoft?
TableSet Controls. TableSet controls associate business units with record groups and setIDs. Each business unit has its own TableSet control, which is stored on the TableSet Record Group Control table. You can associate a setID for each individual record group to a business unit.
What are Chartfields in PeopleSoft?
A Chartfield is the individual component or field, which defines the accounting structure used in UTShare/PeopleSoft. Chartfields are assigned unique values used to identify transactions and track financial activity.
What does a business unit in PeopleSoft mean?
A business unit is an operational subset of the organization that tracks and maintains its own set of requisitions and purchase orders. Each business unit has its own way of storing information and its own processing guidelines.
How does purchasing interunit accounting work in PeopleSoft?
PeopleSoft Purchasing interunit accounting enables you to track interunit purchases among PeopleSoft General Ledger business units. If you require this, designate each of the organizational entities as a PeopleSoft General Ledger business unit.
How are project costing templates used in PeopleSoft?
Project Costing uses integration templates to share projects across multiple business units in PeopleSoft Asset Management, Purchasing, and General Ledger. For example, if you create an integration template that points to multiple general ledger business units, you can share a project across those specific business units.
How many development centers does PeopleSoft have in the world?
It operates in 4 countries with its 7 development centers across these 4 countries, 1 Business Services in US and 1 Technology Services in India. Let’s look at how the Business Units, Regulatory Regions and Company will be defined while setting up PeopleSoft HRMS system for the XYZ Corporations.