Creating Miscellaneous Transactions
Create miscellaneous transactions to reflect banking activity, such as bank charges, that does not originate with Oracle Payables or Oracle Receivables.
Prerequisites
Define receivables activities and payment methods for miscellaneous transactions.
Note: When you define a receivables activity with the type Miscellaneous Cash, you must also assign either an account or a Distribution Set to use for the miscellaneous transaction accounting entries.
Perform any additional setup required by Oracle Receivables to handle miscellaneous receipts, including defining receipt sources and distribution sets.
Set up Sequential Numbering.
Set up Tax Codes, if required.
To create a miscellaneous transaction for a previously-entered line:
1. Navigate to the Find Bank Statements window.
2. Enter the query criteria, or leave the criteria blank to query all existing statements.
Note: You can modify the Reconcile Bank Statements folder window to customize your query capabilities on statements you have entered. Refer to the Oracle Applications User's Guide for more information on modifying and saving folders.
4. Select the statement you want to update, then choose Review.
6. Select the bank statement line to which the miscellaneous transaction applies.
8. Choose Miscellaneous for the transaction you want to create. The Miscellaneous Receipts window appears.
9. Choose the Oracle Receivables Activity that describes the transaction you are creating.
10. Enter the Receipt Number and Date, Currency, and payment Method. The default value for Activity is specified in the System Parameters window. The default value for the date is the bank statement date. The default currency is the bank account statement currency.
11. Enter the transaction Amount. The amount defaults to the statement line's remaining amount.
Note: For a receipt, enter a positive amount. For a payment enter a negative amount. If your receipt includes tax, enter the pretax amount.
12. Enter the GL Date. The default date is the bank statement date.
13. If your receipt includes tax, enter a tax code. Be aware that payments and receipts may have the same tax rate, but not the same tax code.
14. Choose Reference from the poplist and enter the reference Type and Deposit Date. You can also enter a reference Number.
15. Choose Comment from the poplist to enter optional Paid From information and Comment text.
Note: If you post this transaction to Oracle General Ledger, the Comment is the default journal line description.
16. If the statement line is a foreign currency transaction, choose Exchange from the poplist to enter the Exchange Date, Type, and Rate. The Bank Currency Amount is calculated from the rate and amount.
17. Choose Create to create the miscellaneous transaction. Cash Management will ask you if you want the receipt to be automatically reconciled against the current statement line. Select Yes to do so.
Note: If you select No, you will need to reconcile the new transaction to a bank statement line later. See Reconciling Bank Statements Manually.
See Also
Reconciling Bank Statements Automatically
Reconciling Bank Statements Manually
Finding Available Transactions and Batches for Reconciliation
Reconciling Available Transactions and Batches
Oracle Receivables Reconciliation Accounting
Creating Payments and Receipts Transactions
Customizing the Presentation of Data in a Folder
Setting Up Oracle Cash Management
System Parameters
