How to make internal bank transfer

[P_MANMOHAN]

Hi,

Wht is the process and setups to make internal bank transfers.

Ex. I have two bank A/C's called A and B. A a/c has huge amount I want to transfer the money from A a/c to B a/c.

Wht is the process.

[SIVAKUMAR_G]

Hi

This depends on the mode by which you are making the transfer.

a) Are you giving a cheque to your banker to transfer money from one account to another

or

b) just a letter in company letterhead

In case of (b) it is easy. You just pass a JV in GL and You can reconcile GL journals in Cash management

In case of (a) it is a tedious task. You have to do it through AP and AR by creating the banks as a Supplier and Customer and create some dummy invoices to pay and receive money.

If you look at R12 architecture, thats why Banks are also taken to TCA (Trading Community Architecture) as a Party

Hope this helps

Regards
Sivakumar