Previous	Next		Contents	Index	Navigation	Glossary	Library

Account Type: Type of your bank account. For example, Electronic.

Account Use: Indicate the account holder of this account.

• Internal: Your company or organization is the account holder of this account.

• Customer: Your customer is the account holder of this account. You record Customer Accounts to facilitate funds transfer between the Customer Bank Account and your internal bank account.

• Supplier: (Oracle Payables) Your supplier is the account holder of this account. You record Supplier Accounts so you can pay your suppliers electronically.

Currency: Currency for a bank account. The default value is your functional currency.

Description: Description of the Bank Account. This field is for reference only.

Inactive Date: If you enter an Inactive date, during transaction entry, the bank's account will no longer appear on any lists of values in Payables, and you will not be able to enter the bank account when you enter transactions.

Name: The name you use to refer to the bank account. You may want to use a name that indicates the usage of the bank account.

Number: The bank account identification number. The Bank Account Number must be unique for the branch.

Account Holder Region of the Bank Accounts Window

Alternative Account Holder: You can enter an alternate name for your bank account holder if you enable the AR: Enter Alternate Fields profile option. If you do not enable this option, this field will not appear.

EFT Requester ID: Numeric designation of person or organization that is responsible for generating this account's electronic payments (optional).

GL Accounts Region of the Bank Accounts Window

Cash Clearing: If you have enabled the Allow Reconciliation Accounting Payables option, enter the cash clearing account you are associating with a bank account. When you create a payment, Oracle Receivables creates accounting entries for your unreconciled invoice payments to credit your cash clearing account using this account. When you reconcile your invoice payments using Oracle Cash Management, Oracle Receivables creates accounting entries to debit this cash clearing account and credit this bank account's cash account. The account you enter here defaults to the Cash Clearing Account field in the GL Accounts region of the Payment Documents window.

If you are using future dated payment methods, enter the clearing account you are associating with a payment document. When you pay an invoice with a payment document that uses a Manual Future Dated or Future Dated payment method and post payments within Payables, Oracle Receivables automatically debits your liability account and credits this account. When you clear this payment using automatic or manual reconciliation within Oracle Receivables or Oracle Cash Management then post payments within Payables, Oracle Receivables debits this cash clearing account and credits this bank account's cash account.

Bank Charges: If you have enabled the Allow Reconciliation Accounting Payables option and you are using Oracle Cash Management to reconcile your payments, enter the bank charges account you are associating with a bank account. When you reconcile your invoice payments using Oracle Cash Management, Oracle Receivables creates accounting entries to record your bank charges using this account. The account you enter here defaults to the Bank Charges account field in the GL Accounts region of the Payment Documents window.

Bank Errors: If you have enabled the Allow Reconciliation Accounting Payables option and you are using Oracle Cash Management to reconcile your payments, enter the bank errors account you are associating with a bank account. When you reconcile your invoice payment using Oracle Cash Management, Oracle Receivables creates accounting entries to record any bank errors using this account. The account you enter here defaults to the Bank Errors account field in the GL Accounts region of the Payment Documents window.

Confirmed Receipts: If you use Automatic Receipts in Receivables and are required to send receipt information to your customer prior to applying the receipt, the receivable is maintained in the Accounts Receivable account until it is confirmed by the customer. Upon confirmation, it is reversed from the Accounts Receivable account and placed into the Confirmed Receipts account. If you are not required to send receipt information to your customer, the receivable is automatically reversed from Accounts Receivable and placed into Confirmed Receipts.

Account Contacts Region of the Bank Accounts Window

Receivables Options Region of the Bank Accounts Window

Multiple Currency Receipts: This indicates whether this bank account accepts payments in currencies other than the account currency.

Remitted Receipts: The remitted receipts account to associate with this bank account.

Short Term Debt: The short term debt account to associate with this bank account.

More Receivables Options Region of the Bank Accounts Window

On Account Receipts: The account to associate with this bank account for receipts that are placed on account.

Unapplied Receipts: The account to associate with this bank account for receipt amounts that are unapplied.

Unearned Discounts: The account to associate with this bank account for discounts that are unearned (i.e. taken after the defined discount period).

Unidentified Receipts: The account to associate with this bank account for receipts that are not identified (e.g. customer information is not provided).

Payables Options

Buttons

Bank Codes: Navigates to the Bank Transaction Codes window. See: Bank Transaction Codes: page

See Also