Payment, Remittance Batch Reconciliation Errors, Checks Voided Or Bounced etc

(Doc ID 1298131.1)

Last updated on APRIL 14, 2015

Applies to:

Oracle Cash Management - Version 11.5.10.0 to 12.2.4 [Release 11.5 to 12.2]
Oracle Receivables - Version 11.5.10.0 to 12.2.4 [Release 11.5.10 to 12.2]
Information in this document applies to any platform.

Goal

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

Solution

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