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Payables and Cash Management - EBS (MOSC)

R12.1.3 Reconciliation of voided payments

Sep 5, 2016 1:48AM edited Aug 20, 2021 7:48AM in Payables and Cash Management - EBS (MOSC) 1 comment

Dear Colleagues,

R112.1.3

When a bank returns a payment to you due to a wrong supplier bank account after a couple of days, how do you reconcile it to the bank statement?

According to Oracle Cash Management User Guide (page 1-6 )

• For stopped transactions the payment must first be stopped or voided in Payables.

Test

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Unreconciled a payment on the day of original payment in Cash Management.
Stopped the payment (Initiated a stop) in Payables.
Voided the payment on the day of return in Payables.
Reconciled the voided payment to the Stopped line in the bank statement on the day of return in Payables.

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