R12: CE: Cash Pool Accounting Entries (Doc ID 1478759.1)

Last updated on APRIL 28, 2023

Applies to:

Goal

Questions regarding the Cash Pool / Bank Transfer Accounting process.

1.

Physical Cash Pool - Bank Initiated Sweep =  Yes

The application will not initiate the Sweep Process, the Bank will initiate the sweeping process.

How does the application do the Bank Reconciliation for the Sweep Transactions, the bank statement only has the Sweep In / Sweep Out Statement lines but there is no Bank Transfer recorded in the application ?

How will the application create the accounting entries for these transactions?

Where we can see those entries?

2.

Physical Cash Pool - Bank Initiated Sweep = No

The application will initiate the Sweep Process.

Is it required to do Bank Reconciliation for sub account before sweeping?

Solution

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