You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Treatment of Bank Charges in Oracle Fusion Cloud.

in Receivables & Collections 4 comments

Summary:

As per the document Doc ID 1958164.1 the bank charges are recorded as below:

Invoice 100 Receipt 100 and on bank side there should be two entries 100 (for amount received in bank) and -2(as bank charges)

-----------------------------------------------------------------------------------------------------------------------------------------

>>>But we have a query to record the entry that is different from the standard document: Invoice: 100 Receipt: 100 but on bank statement side we get only the amount that is received in account after the bank charges i.e. 98. How to record bank charges in this scenario without altering the bank statement in any way? Note : As per our compliance team they do not want to make any changes on the bank statement side, as mentioned by oracle in above note.

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!