Payables and Cash Management - EBS (MOSC)

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Bank transfer setups

in Payables and Cash Management - EBS (MOSC) 3 commentsAnswered

Hi Team

Application: R12.2.6

Business wants to use Bank account transfer process in Cash management.

Business is using different banks and accounts with in one legal entity and wants to transfer funds between two banks (Ex. JPM to BOA)

Have tested to banks transfer and below is the accounting entry

Outflow: miscellaneous A/C - Debit

Cash Account A/C - Credit

Inflow : Cash Account A/C - Debit

miscellaneous A/C -Credit

Question is do we need to setup intra company rules for this or above journal entries are fine. Please let me know the approach.

Thanks

Mallik

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