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PeopleSoft Lease Administration Deep Dive

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FASB 13 Straight-line Accounting Entries
(Formerly Real Estate Management)

Did you know that PeopleSoft Lease Administration has the capabilities to meet your straight-line accounting requirements? PeopleSoft Lease Administration can help your organization provide more accurate accounting information, reduce errors and reduce processing time.

PeopleSoft Lease Administration 1

All you have to do is setup your lease payment schedule and the straight-line accounting feature can automatically create your necessary journal entries in compliance with FASB 13. This process can be run with multiple options and tailored to fit your accounting process.

PeopleSoft Lease Administration 2

By utilizing the straight-line accounting your Real Estate Department can focus on what it does best – managing the lease portfolio and lease payment schedules. Your Finance Team will automatically have the straight-line journal entries they need so they can focus on what they do best – managing the General Ledger. Regardless of the payment schedule length, amounts, concessions, etc., PeopleSoft Lease Administration can automatically calculate the straight-line journal entries you will need each month and automatically post the straight-line journal entries to your specific GL accounts. All this without requiring any additional effort from either team and delivered within a timely manner.

You are probably saying to yourself, “This CANNOT be true!” Well, I am here to tell you – it IS true and PeopleSoft Lease Administration has made it ALL possible. Click here to contact us today to learn more.

Thank you for reading and be sure to read our other Real Estate Management BLOGS too.

Regards,

Steven Brenner, CPA
Senior Principal Consultant

PeopleSoft Mobile Inventory Improvements

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mobile inventory

PeopleSoft Mobile Inventory has been around for quite some time. As most know, it is a mobile extension of PeopleSoft Inventory and Purchasing to hand-held scanning devices. Previously we would have to leverage ADF (application development framework) or the middleware between the hand-held and PeopleSoft FSCM. However, with the delivery of FSCM Image 14, Oracle delivered some high priority transactions leveraging the FLUID user interface. This removes the dependency with ADF (although that is still a viable route) and makes Mobile Inventory enabled on a very familiar and consistent platform and toolset. This allows for easier deployment as well as adding FLUID content for additional mobile functionality. It also allows for the use of any HTML 5 compliant device. So mobile users can use rugged iPads with bar code readers for example, and nothing additional needs to be deployed.

With Image 14, Oracle delivered Par Count, Par Count Ad hoc, Guided Count, Count by Location, Count by Item, Express Issue and Receiving Ad hoc. With Image 18, Oracle added additional transactions including Manual Count, Picking Feedback, Delivery, Delivery Cart, Perform Putaway, PO Receiving, Item Stock Inquiry, Fulfillment Inquiry, Bin to Bin Transfer and Adjustments.

PeopleSoft Mobile Inventory requires a connection to the PeopleSoft database to work. In some cases with customers having remote locations or warehouses without Wi-Fi, this drove them to a different solution using handheld devices. Keep in mind, especially with the use of HTML 5 compliant devices like tablets and iPads, they can come with cellular connections built right in allowing for a broader use in areas that may not be Wi-Fi connected. Keep that option in mind when considering PeopleSoft Mobile Inventory.

If you would like additional information on PeopleSoft Mobile Inventory, please contact me at larry.zagata@miproconsulting.com.

Leverage Selective Adoption

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Are you a PeopleSoft 9.2 customer? Have you developed a Selective Adoption strategy? If your answer is “no” to developing a selective adoption strategy – you are not alone! Many organizations are still stuck in the old mindset of only looking at new PeopleSoft functionality every several years. PeopleSoft customers have grown accustomed to looking forward […]

Leveraging PeopleSoft Business Process Maps

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Often overlooked as a knowledge source are the delivered PeopleSoft business process maps (BPM). Previously these business process maps were only viewable online and were not editable. Recently these maps have been made available as editable Visio documents. The online PeopleBooks site now has both PeopleBooks and BPM’s located in the same spot, making it much […]

Improvements to PeopleSoft Procurement

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Marc Weintraub (Senior Director of Product Strategy for PeopleSoft) recently spoke with Alexa Masters (Product Strategy Director, PS Procurement) to talk about the advancement of PeopleSoft Procurement solutions in 9.2. The three main challenges facing PeopleSoft Procurement organizations today are Spend Creep, Supplier & Contract Compliance, and the Technology to manage the process. In this […]

PeopleTools 8.55 – Fluid User Interface Enhancements

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With the release of PeopleTools 8.55, those that have upgraded have realized the value in many of the new features this version offers. There are significant enhancements in the areas of dashboards, reporting, analytics, query and the all-important update manager (all of which we will discuss in future blogs). The one area that is receiving […]

Phil Simms Would Make an Excellent Software Consultant

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On a flight from Chicago to New York my seat just happened to be next to former NFL Quarterback Phil Simms. My first reaction was, “How I am going to hold a conversation with this guy?” He played in the NFL, won a Super Bowl and he is now an NFL broadcaster. I will clearly […]

Improvements to PeopleSoft Procurement

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Marc Weintraub (Senior Director of Product Strategy for PeopleSoft) spoke with Alexa Masters (Product Strategy Director, PS Procurement) to talk about the advancement of PeopleSoft Procurement solutions in 9.2. The three main challenges facing procurement organizations today are: Spend Creep Supplier & Contract Compliance Technology to manage the process In this video, Alexa explains the […]

A Hybrid Solution: Oracle PeopleSoft + Oracle Cloud

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It’s one of the most common conversations taking place between IT, finance and HR for any PeopleSoft customer. The system has been customized over the years and some of those customizations are critical to the company. But the functionality feels outdated and the total cost of ownership is growing. So what do you do? Nationwide […]

PeopleSoft DPKs and Oracle Cloud

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New with PeopleTools 8.55 is an architecture improvement called Deployment Packages or DPKs. PeopleSoft DPKs offer out-of-the-box functionality which greatly enhances the installation and configuration of your PeopleSoft environment; this is not available via the standard VCD installation. DPKs allow fast deployment of a PeopleSoft environment on any hardware platform—physical hardware (“bare metal”) or virtual. […]

Quest Webinar: Implementing ACA in PeopleSoft 9.2 at the US Senate

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  With the deadline approaching for creating forms 1095-C, the MIPRO, Bart Associates and US Senate team reacted decisively to leverage delivered PeopleSoft content along with a custom data load process that works seamlessly with the delivered 1094-C (Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns) and 1095-C (Employer-Provided Health Insurance Offer and Coverage) […]

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