How to make internal bank transfer

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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P_MANMOHAN
Posts: 79
Joined: Sat Sep 01, 2007 12:48 pm
Location: India
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How to make internal bank transfer

Post by 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
Posts: 194
Joined: Tue May 15, 2007 7:45 am
Location: United Arab Emirates

Post by 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
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