Financial Management - PSFT (MOSC)

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Receivables Automated Bank Statement Reconciliation

edited Jan 23, 2014 7:50AM in Financial Management - PSFT (MOSC) 1 commentAnswered
Morning/Afternoon !
I was just wondering if there is any planned development for receivables automatic reconciliation ? Or has anyone created their own customisation to perform this task ? 

So to the history..I have now created a fully functional automated book to bank reconciliation for both my AP and AR bank accounts. These accounts are multi-currency and contain every payment/receivable transaction known to man ! Having built customisations all along the way to iron out some 'wrinkles' (automatically reconciling credit card receipts as an example) I am now in a position to deliver this to the business.

During UAT the users have pointed out a tiny flaw in my process, in that a receivables bank statement contains cash that has been received, but has not yet been entered into the receivables module. Therefore when the automatic bank statement reconciliation process runs, there are no related system transactions to reconcile to, unlike AP where the bank statement is reconciling to system transactions that already exist. So the user will now have to run the automated bank reconciliation process for every statement where an exception is still outstanding, until all exceptions have been cleared. Depending on how good the

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