ERPstuff - Oracle EBS Community

Hi,
In system parameters

Float Handling: This parameter specifies how to handle reconciliation of bank statement
lines where the value date is later than the current date. The value date may have been
provided by the bank, user-entered, or it may have been derived. Cash Management
derives the value date by adding the value in the Float Days field in the Bank Transaction
Codes window to the statement line date.
Select how you want the system to handle floats:
? Ignore: Disregard the float and reconcile such transactions.
? Error: For automatic reconciliation, generate a reconciliation error. For manual
reconciliation, issue a warning and allow the user to choose whether to either
ignore the warning and reconcile the statement line, or to leave the statement line
unreconciled.


What is meant by float, value date?

And what is the purpose of lines per commit and how does it work

Hello.

Yes, it is the value date, which can be provided and/or derived by adding the Float Days in the Transaction Codes window.

Lines per Commit
This is the number of lines that AutoReconciliation will save at a time, and controls the number of transaction rows that AutoReconciliation locks at any given time. The greater the number of lines, the faster AutoReconciliation processes. However, the number of lines you can specify is limited by the amount of memory your system has available.

Hope this helps.
Octavio

In some cases, bank sends the bank statement with "Value Date", meaning, the amount will be debited or credited to your account on the 'Value Date' (This, in general, happens if the bank is having a seperate clearing house to handle the cheques). Hence, even though bank has sent you the bank statement, it does not mean that your bank account is updated. It will get updated only on the 'Value Date'.

Cash flow report also uses this 'Value date' for cash flow purpose.

Cheers,
Saravanan TG