AP Invoice reconciliation with bank statement
Hi,
In our current system which is 11i, we don't have credit card integration in AP. Few of the suppliers we pay by corporate credit card.
1. We create invoice for these suppliers ( which we paid by credit card) with wire method as we are just recording. Credit card payment happen outside the system
For example INV1 SUPPLIER1 Amount 100 Payment -Wire
INV2 SUPPLIER2 Amount 200 Payment -Wire
INV3 SUPPLIER3 Amount 300 Payment -Wire
2. Now bank send the bank statement . When we load this bank statement in cash management, we see only only one credit card payment line with total 600.
How do system will reconcile this 600$ from the bank statement with the above 3 mentioned invoice. User has to manually match this 600$ amount with the above 3 invoices.
In our current system which is 11i, we don't have credit card integration in AP. Few of the suppliers we pay by corporate credit card.
1. We create invoice for these suppliers ( which we paid by credit card) with wire method as we are just recording. Credit card payment happen outside the system
For example INV1 SUPPLIER1 Amount 100 Payment -Wire
INV2 SUPPLIER2 Amount 200 Payment -Wire
INV3 SUPPLIER3 Amount 300 Payment -Wire
2. Now bank send the bank statement . When we load this bank statement in cash management, we see only only one credit card payment line with total 600.
How do system will reconcile this 600$ from the bank statement with the above 3 mentioned invoice. User has to manually match this 600$ amount with the above 3 invoices.
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