R12: CE: Q&A: Clearing, Reconciliation and Accounting
(Doc ID 1066768.1)
Last updated on APRIL 25, 2023
Applies to:
Oracle Cash Management - Version 12.0.0 to 12.2 [Release 12 to 12.2] Information in this document applies to any platform.
Goal
The goal of this document is to address a number of questions related to Oracle's Cash Management application for Release 12.....
Question: 1. What is the impact of just ignoring all the unreconciled AP wire and AR receipts from the Bank Statement and leave them as unreconciled.? Question: 2. Does it create any accounting entries when it reconciles AR Receipts during auto reconciliation? Question: 3. How do we avoid any misc receipts created during auto reconciliation? Question: 4. Can the user still continue to do manual Clearing in Cash Management for Receipts and Payments? Question: 5. How does it affect accounting with respect to Reconciliation and Clearing. Question: 6. Please let us know whether Leaving the unreconciled transactions (AP WIRE and AR Receipts) in Bank Statement and clear them manually in Cash Management will cause any issue?
Solution
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