How to do entries for Bank withdrawal and Deposite

[Number13]

Hi everybody,

I am really confused about how to do entries in Oracle R12 for bank withdrawal and deposite. Please tell me what steps should I take to make entry in Oracle R12 when I am withdrawing money from bank or Depositing money in bank.

Thanks and Regards,

Satya

[tgs100]

Depositing money in bank

You might have received the cheque or cash from the customer and wants to deposit the same. First you should create a receipt transaction and then remittance (Define receipt method before entering receipts). You can use this remittance is for the deposting into Bank.

For issueing cheques or cash, you need to create an AP invoice and make payment. There is no seperate transaction for withdrawing cash in AP as in most of the cases it is done by the vendors.

Cheers,
Saravanan TG

[Number13]

Thanks alot Sarvan!