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 ).
Hi all,
Can any one tell me what is the recommendation to setup separate cash clearing account for each bank account.
what is the benefit from that and what are the disadvantage?
usually it is a one account as its nature is clearing but if you have the requirement to know the amount of clearence from each bank then seperate account is recomended hope that i have answer ur question