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If you use Receivables, use the Banks window to define your internal banks, which you use for receipts, and external banks, which are your customers' banks with which you do business. If you use Receivables only, you do not need to define Payables payment documents.

If you use Payables, use the Banks window to define your internal bank accounts from which you disburse payments. For each internal bank account, you can define payment documents for checks, electronic payments (EFT and EDI), wire transfers, and other payment methods. You can also enter supplier bank information for your suppliers to which you send electronic payments. If you use Payables only, you do not need to define clearing houses.

If you are using Oracle Cash Management, you need to define a Bank Errors Account, a Bank Charges Account, and a Cash Clearing Account for each account you plan on reconciling by using Cash Management. If you use Payables, you can override these accounts for each payment document you define.

See Also

Defining Bank Accounts

Defining Multiple Currency Bank Accounts

Defining A Foreign Currency Bank Account

Defining and Maintaining Payables Payment Documents

Banks Window Reference

Bank Accounts Window Reference

Payment Documents Window Reference

Bank Branch Validation by Country

Bank Account Validation by Country

Bank Charges

Entering Suppliers