Thank you for supporting the Cloud Customer Connect Community in 2024. It's a gift to work with you!

Look back
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

AD HOC Payment questions

in Payables, Payments & Cash Management 1 comment

Hello, I have questions about payments and I can't find the answer.

  1. If I send a payment on March 10th, with the payment date set to March 15th, does the bank record it on March 10th or March 15th?
  2. Is there a confirmation of receipt from the bank?
  3. In the payee information, there's the option for a Checking/saving account. Is this important?
  4. The address is not required in the payee information, but what is its purpose?
  5. Can we finalize a payment to a dummy payee? (We want to keep the approval flow, but the transaction is done outside of Oracle)
Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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