Need Workaround Process for Bank OD Account?

[oracleapps1983]

One my client has implemented only Financial modules can any tell me how design workaround process for Bank Overdraft or Loan Taken from Bank

thanks

[hiszaki]

Hi oracleapps1983

you can use the misc. receipt by define 2 activities for example for the process bank overdraft or loan taken from bank.

The account will be generated like that:

Dr. \ Bank -- Receipt method
Cr. \ Activity
So you can define all activities you need in the AR module.

Thanks
Hisham

[oracleapps1983]

What about making payment to Bank it is done through AP module or What

[hiszaki]

Hi oracleapps

You pay to the bank, so you can use the bank as a supplier & complete your cycle in AP module with the standard cycle but you will update your accounts according to your business need.

Otherwise you can use my suggesting solution & both solution will show in the CM modules so the result will be the same but I suggest the easy way to use OD or loan transactions according to what we do it before.

Thanks
Hisham

[oracleapps1983]

As you said I came to know Received Loan will be maintained at AR and Payment can be made AP.

If client ask i want to know net balance of the loan what i have to do?

[hiszaki]

Hi oracleapps

You can know your balance by one of these ways:

1) Get the report from GL after you transfer all modules to GL for specific period but in this case you will lose the details.
2) Make a customized report read from each module separate & compare each other by manual process.
3) Make a customized report read for GL all details by matching this report to read all details from AR & AP.

Hope I can help you
Hisham

[oracleapps1983]

Hiszaki...

Thanks for reply

What i said is it enough or should i use Customer netting report for the issue. Will that enough.

Still one more doubt is what said about the customized report will it suit when Loan taken and Loan repayment.