My Oracle Support Banner

Is it possible to create payment cash clearing accounting entries based on payment methods EFT, Check and Wire? (Doc ID 1997593.1)

Last updated on JANUARY 14, 2019

Applies to:

Oracle Payables - Version 12.0.0 to 12.2.4 [Release 12.0 to 12.2]
Information in this document applies to any platform.

Goal

Is it possible to create payment cash clearing accounting entries based on payment methods like EFT, Check and Wire?
For payment method 'CHECK' it is needed to create cash clearing accounting lines, whereas for payment method 'WIRE' cash clearing accounting line is not needed.

Example:
=====

Payment Accounting For Payment Method 'Check':
-----------------------------------------------------------

Liability Account - DR
Cash Clearing - CR

Cash Clearing - DR
Cash - CR

Payment Accounting For Payment Method 'Wire':
-----------------------------------------------------------

Liability Account - DR
Cash - CR

Is there this kind of standard functionality in Oracle application?
 

Solution

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Goal
Solution
References


This document is being delivered to you via Oracle Support's Rapid Visibility (RaV) process and therefore has not been subject to an independent technical review.
My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.