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• the delay in the bank clearing of payments from the time of issuance to the time of reconciliation

• differences between the original payment amount and the cleared payment amount due to exchange rate fluctuations, bank charges, or bank errors

• unreconciled payments

Attention: You can reconcile foreign currency payments that have no exchange rates. However, Payables will not create reconciliation accounting entries. If you enter the exchange rate in the GL Daily Rates table and then submit the AutoRate program, Payables will automatically create the reconciliation accounting entries for payments that were reconciled without exchange rates.

Prerequisite

   If you want Oracle Cash Management to create reconciliation accounting entries when you reconcile your payments, enable the Allow Reconciliation Accounting Payables option. See: Accounting Payables Options.

   To set up Payables for use with Oracle Cash Management:

• In the Banks window, define the accounts Oracle Cash Management uses for cash clearing, bank charges, bank errors, and for realized gains and realized losses.

Attention: If you enable Automatic Offsets within Payables, you cannot enable the Allow Reconciliation Accounting Payables option or enter the reconciliation accounts in the Banks window. You can still clear payments using Oracle Cash Management. However, Payables creates no reconciliation accounting entries.

See Also

Defining Banks

Foreign Currency Transactions

Oracle Cash Management User's Guide