Internal Fund Transfer

[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.

[muthyala]

yes

[muthyala]

At bank defining level U can take internal bank

[Arjunn]

Hi Muthyala

Thanks for ur reply, and can u eloborate this how we can transfer the funds between two banks

[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.

[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

[Arjunn]

Hi friends.. thanks for your information

[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

[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