Page 1 of 1
Internal Fund Transfer
Posted: Thu Apr 12, 2007 6:55 am
by Arjunn
Hi can anyone plz clear,
Suppose I am having 2 bank acounts in my OU, is it possible to do the Internal Fund Transfer between these two banks.
Posted: Fri Apr 13, 2007 4:33 am
by muthyala
yes
Posted: Fri Apr 13, 2007 5:15 am
by muthyala
At bank defining level U can take internal bank
Posted: Fri Apr 13, 2007 3:19 pm
by Arjunn
Hi Muthyala
Thanks for ur reply, and can u eloborate this how we can transfer the funds between two banks
Posted: Mon Apr 16, 2007 2:32 am
by raviteja.manchu
hi arjun,
just enter a standard invoice and in the distributions enter the first bank a/c and make the payment through another bank.
Regards,
Ravi Manchu.
Posted: Mon Apr 16, 2007 8:14 am
by ahsan.global
Friends...
Transfer of funds is a functionality of Oracle Treasury Management. But if you have GL and CM installed, you can debit the receiving bank Account and credit the sending bank account in GL.
For this you have to establish bank accounts in GL as GL code.
This transaction can be traced and updated in Oracle CM
regards
Posted: Wed Apr 18, 2007 8:48 am
by Arjunn
Hi friends.. thanks for your information
Posted: Wed Apr 18, 2007 8:55 am
by sikandar
Dear Ahsan,
Thanks for your input just one query that if we will transfer using GL then which controlled document we will use to send to bank to transfer fund. thanks
Posted: Wed Apr 18, 2007 10:46 am
by ahsan.global
Friends...
Here is the problem...
If you transact from GL, you have to maintain documentation such as bank Advice or cheques manually...
If you issue cheques manually, than you have to SKIP one cheque num / seq in AP....AP can facilitates the same...
regards