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Oracle Receivables Reconciliation Accounting

Oracle Cash Management enables you to reconcile receipts you entered with Oracle Receivables against your bank statements.

When you reconcile receipts with Cash Management, it automatically creates accounting entries to the Cash, Remittance, Short-term Debts, and Interest Earned accounts, as applicable to the reconciliation transaction. Cash Management uses the accounts you defined in the Banks window and the Receipt Classes window (Payment Methods region) in Receivables.

You post the accounting entries resulting from Cash Management receipt reconciliation to General Ledger from Receivables.

Miscellaneous Transactions

You can create miscellaneous transactions directly from Cash Management, to record miscellaneous receipts and miscellaneous payments (negative miscellaneous receipts), such as interest. You can reconcile these receipts at the same time you create them, or later.

Unreconciling a Receipt

When you unreconcile a receipt in Cash Management, it unclears the receipt and returns the amount to the remittance account.

Reversals

If you use Cash Management to reverse reconciled receipts, the system creates reversal entries and reopens the original invoice.

See Also

Oracle Receivables Reconciliation Examples

Using Oracle Cash Management with Automatic Clearing

Banks (Oracle Payables User's Guide)

Payment Methods (Oracle Receivables User's Guide)

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