Using Oracle Cash Management to Clear Receipts
If you are using Receivables and Oracle Cash Management, there are two ways you can clear your receipts:
- Run the Automatic Clearing program (Submit Request window)
- Use the Clear Transactions window in Cash Management
If you use the Automatic Clearing program, your General Ledger balance may not match your Cash Management reports. This is because when you use Cash Management to clear receipts, the system automatically generates reconciliation accounting entries which are posted to your general ledger. In Receivables, the Automatic Clearing program clears your receipts, but does not reconcile them against a bank statement.
Suggestion: Use either the Automatic Clearing program in Receivables or the Clear Transactions window in Oracle Cash Management to clear your receipts. We suggest that you do not use both methods of clearing as the two features duplicate functionality.
Attention: You must use Oracle Cash Management to reconcile your receipts.
See Also
Automatic Clearing for Receipts
Reconciling Receipts
Manually Clearing and Unclearing
