Payables and Cash Management - EBS (MOSC)

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Cash Management Clearing Events

edited Aug 20, 2021 7:34AM in Payables and Cash Management - EBS (MOSC) 2 commentsAnswered ✓

Hi Team,

We are about to begin using statement reconciliation functionality in Oracle CM for one bank account. However there are several others in the same operating unit.

Currently we have been running AP with "Account for Payment when it is Issued". We will now set the "Account for Payment when it Clears" option to Yes at OU level.

Previously when we raised a payment it would debit Liability and credit Bank. Going forward it will debit Liability and credit Clearing. For the one statement we are reconciling through CM, the clearing activity will debit Clearing and credit Bank.

However, what about the other bank accounts we are not going to clear through CM?

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