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Bank reconciliation
Posted: Fri Oct 02, 2009 8:27 am
by razashahaca
Dear Gurus
Can you please let me know how to do the bank reconciliation in Oracle cash management b4 transfer to GL.
Posted: Mon Oct 05, 2009 3:58 pm
by vinodgayatyri
hi razashahaca,
There are two ways in doing reconclisation in CM.
1. maual reconclisation
2.Auto reconclisation.
based on that i ca explain you .
Posted: Mon Oct 05, 2009 7:08 pm
by tgs100
"How to do reconciliation" is a broad subject. As vinod rightly said, you should first decide on the method you are going to follow.
Auto Reconciliation
============
1. Receive the bank statement from bank in the prescribed format.
2. Upload the bank statement (You should develop the script if not in standard formats) or enter the bank statement manually
3. Run Auto reconciliation
4. Review and take appropriate steps in case of rejections
Manual Clearing
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1. Query the transactions
2. Select the transactions for reconciliation and enter the proper GL Date
3. Save
Cheers,
Saravanan