Payables and Cash Management - EBS (MOSC)

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Reconciling Payment Voids in Oracle CM

edited Aug 20, 2021 7:39AM in Payables and Cash Management - EBS (MOSC) 6 commentsAnswered ✓

Hello colleagues,

Scenario: a BACS payment is sent to the bank, and the bank releases the money. A few days later, one of the payments is returned due to some recipient bank error.

What is the most efficient method to reconcile this using Oracle CM?

I understand we will have to unreconcile the failed payment from the reconciled BACS, so that the failed payment can be voided in AP. But then what is the best way to reconcile the voided payment with the original BACS and the returned funds on the statement?

Thanks for your advice.

Regards

Vhaqa.

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