HOW TO: Handle Bank Charges in Account Receivables
Last updated on FEBRUARY 28, 2017
Applies to:Oracle Fusion Receivables Cloud Service - Version 22.214.171.124.0 and later
Information in this document applies to any platform.
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.
Incoming Wire Transfer Original Amount $100
Bank Fee $25
Cash Application 75$
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?
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