3 Maintenance for Receivables and Payables
This topic describes the maintenance of reference data to be set on day zero to use the Receivables and Payables functionality.
In the context of Cash Management, for instance, the user need to set up reference data like relationship master, recon rules, charges, accounting, tolerance, payment terms, etc. This is the first step for initiating any transaction in Oracle Banking Cash Management. The user may also need to identify administrators to perform admin related tasks (creating users, assigning tasks and functions to the users as per their profile).
Maintaining Core Reference Data
Certain core reference data is required to be set up for execution of Cash Management system transactions such as country list, currency, customer category, holiday list, list of banks, branch, FX rates, and so on.
Refer Oracle Banking Common Core User Guide for setting up core reference data
This topic contains the following subtopics:
- Accounting Maintenance
This topic describes the information to setup the reference data for Accounting such as account mapping, entry codes, roles, and accounting entries in Cash Management system. - Charges Maintenance
This topic describes the information to maintain the charges in Cash Management system. - Commodity Maintenance
This topic describes the information to maintain the commodity details to each supplier for creation of invoice data either through UI or upload. - Division Code Maintenance
This topic describes the information to maintain the division codes for parties in Cash Management system. - Reconciliation Rules Maintenance
This topic describes the information to maintain the Reconciliation Rules in Cash Management system. - Tolerance Maintenance
This topic describes the information to configure an acceptable discrepancy between invoice/cashflow outstanding amount and payment amount to enable automatic matching of invoices/cashflow with the respective payment records. - Payment Terms Maintenance
This topic describes the information to maintain specific payment frequencies and dates for buyers making bulk payments on repetitive fixed dates. - Relationship Maintenance
This topic describes the information to create linkage between corporates and counterparty. - Alerts Maintenance
This topic describes the information to setup the reference data for Alerts such as contact details, definition and decisioning in Cash Management system.