Wire Payments

This forum is to discuss different features/issues of Oracle Financials modules ( GL - General Ledger, AP - Accounts Payable, AR - Accounts Receivable, FA - Fixed Assets & CM - Cash Management ).
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sekhardivvi
Posts: 19
Joined: Sat Mar 29, 2008 10:08 am
Location: India

Wire Payments

Post by sekhardivvi »

Hi All,

Could any one help me, how to implement wire payments in R12.

Requirement:

Customer wants to implement both payment methods i.e. Check and wire for a supplier.If any one has any doc to implement both method for a single supplier please let me know, as i request.

Rgds,
Sekhar.
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Jali
Posts: 4
Joined: Tue Nov 13, 2012 12:26 pm
Location: India

Post by Jali »

Wire payment takes place outside Oracle where you tell your bank to pay a supplier. You manually record this payment in Oracle. Oracle does not require supplier bank account information. Use the recorded disbursement type to setup Wire in Oracle as you are simply recording a payment that took place outside of the system. Record the transaction with a manual payment.
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sekhardivvi
Posts: 19
Joined: Sat Mar 29, 2008 10:08 am
Location: India

Post by sekhardivvi »

Thanks alot Jali, Could you please post about electronic payment too ?
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vincent-leeway
Posts: 34
Joined: Fri May 24, 2013 8:37 am
Location: USA
Contact:
Contact vincent-leeway

Post by vincent-leeway »

Well a tough question, not so sure about the answer. But I think this link may contain a remote hint, http://www.centroid.com/oracle/how-to-c ... 2-payments
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