R12/CE: Payment, Remittance Batch Reconciliation Errors, Checks Voided Or Bounced etc
Last updated on APRIL 23, 2018
Applies to:Oracle Cash Management - Version 22.214.171.124 to 12.2.7 [Release 11.5 to 12.2]
Oracle Receivables - Version 126.96.36.199 to 12.2.7 [Release 11.5.10 to 12.2]
Information in this document applies to any platform.
1. Scenario 1: Remittance batch
Have receive 4 checks from a customer . You make a single standard receipt . Four checks presented to bank and few days later bank statement shows up where bank clears three checks and one bounced
Question now is that how to reconcile only 3 checks?
2. Scenario 2: Payment batch:
Taking the same example, Lets say a payment batch contains 4 payments of 1000, 2000, 3000 and 4000 each. After the payment instruction is sent to the bank, one of the payments is voided after the payment instruction is sent to bank,
1. What is the Process Product Management suggest to use for such Business Situation?
2. How can this be resolved in the manner that the impacts are least in any process: Manual Reconciliation, Autoreconciliation and accounting, if any.?
3. Errors and Resolution
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms