R12/CE: Explain Bank Account Transfer: 2 Journal Entries Created For A Transfer Between 2 Bank Account Of Same Company (Doc ID 1276932.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Cash Management - Version 12.0.0 to 12.1.3 [Release 12 to 12.1]
Information in this document applies to any platform.

Goal

Qn1:
You are testing the Bank Account Transfers on CE which are working fine, but the journal entries are the problem. In this case, you are generating a transfer between 2 banks that belong to the same LE and even to the same company...so these have the same Balancing Segment Value on their accounting combination.

You expected just one journal, that should be credited to the cash account of the bank that is having the money out, and one debit to the cash account of the bank that is having the money in.

But instead of that, you have 2 journal entries: one for the cash account debit and one for the cash account credit, both of them using the intracompany account defined on the intracompany rules.

You do not seem to find a way to define the intracompany rules to not to use an intracompany account when both cash accounts have the same Balancing Segment Values.

Qn2:
Question / Scenario:

When you transfer money from bank account 1 to bank account 2, you are expecting just one journal entry that should look like this:

DR 02.1102.1101.000.00
CR 02.1102.1102.000.00

Is there a way to achieve this?
You are getting 2 journals: 1 for the Cash account DR and another for the Cash CR, both balancing with the intracompany accounts defined on the rule explained on <Note: 434308.1>
We had to setup the intracompany balancing rules because when i was testing the BAT functionality, an error appears when try to validate the transfer:
FUN_INTRA_RULE_NOT_ASSIGNED
Intercompany balancing was unable to generate the intercompany account.

Solution

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