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The disclosure discloses a Point-to-Point Protocol over Ethernet (PPPOE) configuration method for a Gigabit-Capable Passive Optical Network (GPON) system. The method comprises: an Optical Line Terminal (OLT) instructing an Optical Network Unit (ONU) to create or delete a PPPoE management object instance and associate the PPPoE management object instance with an IP host config data management object instance; and the ONU creating the PPPoE management object instance according to the creation instruction from the OLT, and turning on a PPPoE function switch in the IP host config data management object instance; or the ONU deleting the PPPoE management object instance according to the deletion instruction from the OLT, and turning of the PPPoE function switch in the IP host config data management object instance. The disclosure also discloses a GPON system. With the disclosure, the problem that the existing GPON system cannot support accessing in a manner of PPPoE dial-up is solved, and the PPPoE scenario requirements are met.