Cash Deposit and Autoreconciliation

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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abhyankarnarayan
Posts: 44
Joined: Tue Sep 09, 2008 10:58 am
Location: India

Cash Deposit and Autoreconciliation

Post by abhyankarnarayan »

Hi,

What can be the best way to autoreconcile the Cash deposits into the bank.
Customer is a tolling agency and received lot of toll receipts for a day. All the receipts are entered in a third party application and interfaced to AR as a single receipt, because the total receipt is deposited into the bank.

For autoreconciliation, we donot have a common reference between the bank and the third party application. Only we have date and amount information which matches. But for autoreconciliation to happen this is not enough.

What best can we offer to the customer as the reconciliation solution for this type of activity.

Thanks,
Narayan
admin
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Joined: Fri Mar 31, 2006 12:59 am
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Re: Cash Deposit and Autoreconciliation

Post by admin »

Use receipt no as your key in your third party, AR and Bank.
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