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Banks

Use the Banks window to enter bank information for bank branches with whom you do business. Oracle Financial Applications, including Oracle Receivables and Oracle Payables, share bank definitions, although not every application uses all available bank information. Each bank branch can have multiple accounts, and each account you define can be associated with Payables payment documents and/or Receivables payment methods.

If you use Receivables, use the Banks window to define your internal banks, which you use for receipts, and external banks, which are your customer's banks with whom 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. Refer to the Oracle Payables User's Guide for more information.

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.

See Also

Defining Banks

Defining Bank Accounts

Defining Multiple Currency Bank Accounts

Banks Window Reference

Bank Accounts Window Reference

Bank Branch Validation by Country

Bank Account Validation by Country

Bank Charges

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