R12/CE: Manual Reconciliation Tolerance Zero Threshold For Local Currency COP or CLP / USD
(Doc ID 2480662.1)
Last updated on DECEMBER 15, 2021
Applies to:Oracle Cash Management - Version 12.1.3 to 12.2.8 [Release 12.1 to 12.2]
Information in this document applies to any platform.
CE zero threshold Issue for local currency
The Manual Reconciliation thresholds setup for all bank accounts is to prevent users from reconciling statement lines and book transactions if they are greater OR less than an specified amount or percentage. User does not allow to reconcile statement and book transactions until amounts are exactly same. So a tolerance of 0.00 local currency is what was expected.
The bank account setup can specify the reconciliation controls and have set all accounts at 0. This is working for most of the accounts but finding some issues where currencies do not have pennies (rounded to the whole number) and the tolerances are allowing users to match statement and book items that are off.
It seems that the tolerances are set for 0 USD, not 0 local currency. These two examples, CLP (Chile) and COP (Colombia), also have very high exchange rates so while it might be off by a 1 COP or 20 CLP that rounds to 0 USD.
When Ledger Currency: USD,
BANK ACCOUNT currency: COP
Bank statement line currency: COP AMOUNT: 4687
Journal Line : Transaction Currency: COP and AMOUNT: 4688
When manually RECONCILING shows:
AMOUNT RECONCILED: 4688
AMOUNT REMAINING: -1
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