Creating Bank Account

[olusaar]

A colleague and I are working on AP and AR respectively.

We need to Create Bank account, and the Bank Account owner, which should be the legal entity is not appearing.

what are we doing wrong, and what do we need to do.

[KIMKhan]

Applies to: Oracle Cash Management - Version: 12.0
Information in this document applies to any platform.

How does one make a Legal Entity available for assignment to an Internal Bank Account in Release 12 ?

Solution

The Organization that is Implementing Oracle Financials is considered to be the First Party Legal Entity. Multiple Legal Entities can exist within a single instance of Financials.

The Legal Entities are created and maintained via the Legal Entity Configurator. (Responsibility - Legal Entity Manager)

During an Upgrade...
Release 11i GRE/LEs will be upgraded as Release 12 Legal Entities.
Release 11i Operating Units and Inventory orgs will be upgraded as Establishments.

One Legal Entity can have several establishments.
In Release 12 there is no specific link between Operating Units and Legal Entities.

The Legal Entity is linked to a Ledger and the Operating unit is also linked to a Ledger.

Every Release 12 transaction must be associated with both an Operating Unit and a Legal Entity.

The Legal Entity is also required for e-Business Tax to establish which taxes will be applicable to the transaction.

In Release 12 Bank Accounts are owned by Legal Entities and can be accessed by multiple Operating Units. In Prior Releases the Bank Accounts were Operating Unit Specific.

For all Internal Banks you must assign a Legal Entity.
If the Legal Entity has been configured and it does not appear in the List Of Values in the Bank Account setup then you may need to run the CE UMX Security Wizard to ensure the Legal Entity is available to the Responsibility you are using to access Cash Management.

CE Bank Account Security setup wizard
1) Login as System Administrator
2) Select User Management responsibility
3) Select Roles and Role Inheritance menu function
4) Create (or query an existing) Role.
5) Click Security Wizards button and Run Wizard - CE UMX Security wizard
6) Click Add Legal Entities button, select your LEs and check Use, Maintenance and Bank Account Transfers to reflect the activities for this Role. check-box. Apply
7) Assign this role to your user (using the Users tab)

[abhyankarnarayan]

Hi,

Instead of role, you can also run for any responsibility from which you want to create the bank account.
So say you are using Payables superuser responsibility, you can run the security wizard by selecting the payables responsobility in the user management.

Narayan