Last updated on MARCH 08, 2017
Applies to:Oracle Treasury - Version: 12.0.0 to 12.2 - Release: 12 to 12.2
Information in this document applies to any platform.
Oracle Treasury cannot support accruals of interest expense or income on a periodic basis and if the accrual will be generated upon settling the interest then the accrual entry is not at all required.
In R12, customers will need to make sure they calculate interest on the account balances, then go into XTR, Current Account Balances=> Maintain Balances, check the Settle Check box and then the interest settled JE's will be created during the Daily Journal's process.
Step1: calculate interest on the account balances:
1). Create Interest Schedule
2). Attach this to Bank accounts
3). Calculate Interest in Cash Management for a bank account.
Oracle Treasury: Settle Interest
Step 2: XTR: >> Current Account Balance
Step 3: check details of the Interest Calculated / Accrued.
Step 4: Settle Interest
Step 5 Review Interest Settlement in Settlement window:
Step 6: Authorize Settlement
Step 7: Daily journal process.
Review: document on accruals : 'TechnicalPaperAccruals'.
Please check the page no 29, Heading no 6, 6.1 about the interest calculation and accruals on current account balance, where it is mentioned that interest line should be checked with 'Settle' checkbox for generating the accruals. The example given with specifying the settle interest check box as
'Unchecked' status. You can find this document 'TechnicalPaperAccruals' in:
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