Understanding the Payment GL Date for Russia

In Russia, the bank statement that a bank sends to its customer is the only legal confirmation of activity in the accounts used for payments. When you process payments, you send to the bank a payment order that includes both summary payment details, similar to those printed on a standard check, and detailed payment information. Depending on the circumstances, it may take from one to several days to process the payment. If the layout of the payment order is incorrect or required information is missing, the bank must refuse to process the payment.

After the bank receives the payment orders and processes them, the bank sends to the customer a bank statement that is used to verify the actual payment date. You use the date that the bank confirms in the bank statement as the actual payment date in your accounts. To make the payment date in your accounts match the payment date in the bank statement, you change the GL transaction date for payment transactions after you receive the bank statement that confirms the payment. The payment order GL date must be equal to the bank statement date even when the payment order is issued with a different payment date.

JD Edwards EnterpriseOne software provides a program that enables you to modify the payment GL date after payments are written. A typical scenario for changing the GL date might be:

• Write payments using the Work With Payment Groups program (P04571) (June 1).

• Send payment orders to the bank (June 2).

• Receive executed payment orders and bank statements that show the actual payment date of June 5 (June 6).

• Locate payment records for the transactions in the bank statement and change the GL date for the transactions from June 1 to June 5 to show the date that the payment actually occurred.

  Note: You can update the GL date only for payments at an Update status.