Can AutoReconciliation Handle Reference Transfer/Payment Reconciliation?
Last updated on MARCH 20, 2015
Applies to:Oracle Receivables - Version 12.1.3 and later
Oracle Cash Management - Version 12.1.3 and later
Information in this document applies to any platform.
The Bank randomly provides few lines for in statement for reference payments.
Reference transfers are loaded, to lockbox each morning, from the bank automatically .
On the account statement they appear to be on one of few lines; and there is no rule how these should be matched.
Currently these lines are manually reconciled which takes lot of time.
As per the current design, Reference Transfers / Reference Payments Reconciliation does not seem to be possible through Auto Reconciliation.
Is there a way to Reconcile them automatically?
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