Overview of Bank Statement Transaction Codes

Bank statement transaction codes are the internal codes that are used on a bank statement line to identify the type of transaction being reported. These are also referred to as:

• Transaction codes

• Statement codes

The following codes are examples:

• 115- Lockbox Deposit

• 475- Check paid

• 698- Miscellaneous Fee

Oracle Fusion Cash Management maintains a single set of these codes and transform externally reported transaction codes from other formats into this single normalized set. You can use code map groups to map transaction codes reported on the external data file to the ones defined internally in the application. This configuration is done through Oracle Fusion Payments Code map group setup.