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Payment Escheatment Process (Doc ID 2410509.1)

Last updated on APRIL 29, 2020

Applies to:

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


Accounts Payable requires a process to escheat payment in an automated process. At a minimum the automated process should:

1. Void stale check issued to supplier (or any other payee)
2. Move invoice payment status to “Escheated”
3. Debit the cash account used in the original payment
4. Credit a designated “Escheatment Liability” account
5. Have an invoice type “Escheatment Payment” that would be utilized to create a payment to government entity at a later date. This invoice would Debit the “Escheatment Liability” account and credit cash.


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