ONC Short Term Money Not In Daily Journals Before Settling
Last updated on MARCH 08, 2017
Applies to:
Oracle Treasury - Version: 11.5.10.2 to 12.2 - Release: 11.5 to 12.2Information in this document applies to any platform.
Symptoms
ONC Short Term Money Not In Daily Journals Before Settling
You need to have process to Journalize before you settle the transaction. However with the current setup you are missing some journal entry and /or this was resulting in duplicate INTSET entries for other deals because you have an additional set of entries, ie, COMMENCE INTSET SETTLE. This was resulting in double entries.
1. You thinks: it is not possible to implement the COMMENCE INTSET SETTLE because it needed to register the interests but like a reserve interests in the corresponding months, at the beginning of the investment, something like interest provision. To reserve the interests in the corresponding months when the investment covers a weekend, holidays, ends and beginning of months, etc.
2. The Treasury Documentation do not have 'that instead of using 'comence' we must use settle'.
Cause
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