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Here are some general steps to use PeopleSoft Financials and Supply Chain Management (FSCM): Setting Up Businesses for Billing: Define the default values and levels in the system. Creating Bills and Invoices: Generate bills and invoices from different sources. Utilize templates, bill types, bill sources, and bill cycles. Setting Up Customers: Define customers and their roles, such as bill to, ship to, correspondence, and indirect customers. Using Effective Dates and Addresses: Assign effective dates and addresses for customers. Assign tax certificates and reasons. Using Billing Line Info: Understand how to use billing line info, installment billing, and bill inquiry. Creating Pending Items: Learn how to create pending items. Worksheet Application: Understand how to apply worksheets. Creating Accounting Entries: Learn how to create accounting entries. Process Withholding: Understand how to process withholding. Creating Journal Entries: Learn how to create journal entries. For more information or clarification, please access your admin or contact 9486933892. Please note that consulting fees may apply.

Accountants regularly find themselves "in the middle of month-end". The month-end process can be quite time-consuming, involving many people from different departments and different locations. For large organisations certain tasks could span multiple countries and time zones. From reconciling accounts to inputting journals, the list of to-dos seems endless. Fortunately, Oracle NetSuite offers a solution to streamline the month-end chaos. With dedicated workflows tailored to your organisation's hierarchy, each task comes with a checklist, ensuring accuracy and efficiency in every step. Say goodbye to the month-end headache with a single system that guarantees timely completion of all processes. #MonthEndProcess #AccountingEfficiency #netsuite #erp #finance

Resource allocation is one of the greatest challenges a growing company faces: Do I spend my time and money hiring staff, opening a new office, or buying software? Click here https://lnkd.in/g8n83VKc to download the How-to Guide on "3 Ways Growing Businesses Win With ERP," which explains how to scale responsibly, thriving through disruptions with the help of three case studies. For more such resources visit: https://lnkd.in/ef6EcUaz #CFOIndia #Oracle #Netsuite #FinancialManagement #UpgradeYourSolution #BusinessManagement #FinanceSoftware #FutureOfFinance #FinanceAutomation

Month-end close causing headaches? Meet your accounting lifesaver. We're currently working with an accounting contractor who has over 25 years of experience and has conquered financial systems like SAP, Oracle, NetSuite, and Hyperion (just to name a few). With a knack for reconciliations and a proven ability to identify cost savings (like that time that he recovered $120k as a result of a vendor's overpayment), he's a game-changer. Let me know if you need his help and I'll make it happen! #accounting #contractor #finance #hiring #monthendclose #reconciliations Unity Search

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📢 Finance executives, listen up! If you're a #CFO or #controller planning to migrate to a modern ERP platform in 2024, selecting the right implementation partner is crucial. Here are three commonly overlooked things when selecting an ERP vendor: ❓ The partner doesn't get you - pay close attention to any skills or business acumen gaps. 🔫 They aren't respectfully challenging you - be wary of a partner who says "yes" to everything. 🤼 Their people don't vibe with your people - select a vendor whose team you and your team would enjoy working with. Whether you're considering #Netsuite, #Intacct, #MSDyn365BC, #Acumatica, or any other platform, these issues are platform agnostic. With over 400,000 partners in the Microsoft ecosystem alone, finding the right one can feel like a wild goose chase. Trust me, spending extra time thinking about this is really important. #CFO #controller #ERP #vendorselection #implementationpartner

FINANCIAL set-up ACCOUNT CATEGORIES hierarchy Have been an EPICOR consultant for almost 20 years, starting as an EPICOR field consultant. lasting just over 3 years, then mostly an independent. Well... on the VANTAGE platform... the field consultants were directed to establish a suitably defined hierarchy within the Account Categories... beyond the out-of-box default of 20 entries which FRD - Financial Report Designer would leverage to create viable Balance Sheet and Income Statement. Then along came a number of products: Excel Connect, Spreadsheet server, and FP&A (most recently). Over the past few years... I had not truly caught-on why the Account Category structure for my new clients who had their implementation managed by the most well-known providers... had such limited acct-cats! These new clients for me, usually required re-education after a few years using the system due to new-staff or wanted answers requiring a deep-dive EPICOR-spelunking. Additionally, I picked-up a number of Kinetic implementations gone wrong... whereby the Acct-Cat layout was extremely limited. Ah-ha! Feedback from clients... the 'push' had been to 'purchase' these additional financial reporting tools!! Well... the question always lingered in my head: While the additional tools might have benefits... would a better-design with the hierarchy of Account Categories provide the sought-after benefits? ...not requiring the purchase of additional tools?! BINGO!!! IMO - seems keeping the acct-cats at 20 with only Current Assests being the only extended definition of ASSETS... results in clients accepting the push to purchase these additional tool$! What a great marketing strategy!!!!

This past June, during the Oracle Ascend24 Conference, I realized that folks in the Oracle community were unaware of several standard Oracle EBS features, features which are easy to implement and which save lots of time. And most of these features apply to current and older Oracle EBS versions. So I've decided to post these out to the LinkedIn Community, so more folks are aware and hopefully, make their day-to-day tasks a bit easier. First up: Cost Cut-Off Date. Oracle Discrete Costing, for EBS Releases 10.6 onward, allows you to pause your Cost Accounting processing, by setting the Cost Cut-Off Date on your inventory parameters. When you do this, the Inventory and Resource Cost Processors automatically stop creating any Cost Accounting entries from that date onward. Thus, giving you more time at year-end to set your new standard costs or your new average cost labor and material overhead rates. For an example of this, please see my presentation on Costing Tips and Tricks at: https://lnkd.in/gfVZyNZb

Automating accounts payable on your wish list? Explore the possibilities using Oracle Fusion Financials. Designed for financial team leads, business analysts, end-users, and IT directors, this session will delve into modernizing your AP operations by moving from labor-intensive, paper-based methods to a streamlined, automated approach. The solution we'll showcase fetches invoices from multiple email accounts, processes them using OCR and intelligent recognition, and seamlessly integrates with Oracle Fusion Financials. That ensures invoices are automatically attached to the invoice records in Oracle, providing approvers with a visual document during the approval process. And that's just the start! Sept 17, 1 pm ET https://lnkd.in/e7Vu7CHv