How Using Cash Management Affects Your Closing Process
If you use Cash Management with your other Oracle applications, you should consider changing your closing processes to ensure that:
- Any reconciliation transactions created by Cash Management are properly entered.
- Account balances are updated.
- Reports include accurate information.
Specifically, we recommend the steps below.
If you use Oracle General Ledger:
1. Reconcile all your bank statements.
2. Transfer all transactions from Oracle Payables and Oracle Receivables to your General Ledger interface tables.
3. Run Journal Import in General Ledger.
4. Post journals in General Ledger.
5. Run the GL Reconciliation Report from Cash Management for each bank account. This report compares the statement balance you specify to the General Ledger ending balances.
6. Review the report for errors.
7. If there are errors in the report, correct them in Cash Management, as needed. Repeat the above steps until there are no more errors.
If you do not use Oracle General Ledger:
1. Reconcile all your bank statements.
2. Transfer all transactions from Oracle Payables and Oracle Receivables to your general ledger interface tables.
3. Post journals in your general ledger.
4. Complete your closing process as you would normally.
See Also
GL Reconciliation Report
Posting (Oracle Payables User's Guide)
Unposted Invoice Sweep Program (Oracle Payables User's Guide)
Running GL Interface (Oracle Receivables User's Guide)
