HOW TO: Handle Bank Charges in Account Receivables

(Doc ID 1958164.1)

Last updated on FEBRUARY 28, 2017

Applies to:

Oracle Fusion Receivables Cloud Service - Version 11.1.8.0.0 and later
Information in this document applies to any platform.

Goal

The bank statement (BAI2) has the incoming credit with the bank charge deducted already. The bank does not create a new statement line for bank fees. Once we create a receipt for the amount deposited and apply it to the invoice, the invoice will have a balance of the bank fee amount.

Example:
Invoice $100
Incoming Wire Transfer Original Amount $100
Bank Fee $25
Receipt $75
Cash Application 75$
Invoice Balance 25$

How does Cash Management handle this scenario? What steps need to be taken in Receivables for the invoice that is fully paid with a balance of $25?
 

Solution

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