ERPstuff - Oracle EBS Community

Hi every one...

Can any one please explain difference between Clearing and Reconciliation in Cash Management.

It's very urgent, need to explain to my client..


Thanks in Advance..

Regards,
shiv

Hello.

Clearing a transactions creates accounting entries that recognize the movement of cash. Reconciling matches bank account activity to subledger (payment, receipt) activity. Transactions may be cleared prior to reconciliation if the user wishes to obtain a more accurate picture of cash (in the GL) but is not yet ready or willing to reconcile.

Octavio