3 Maintenance for Receivables and Payables

This topic describes the maintenance of day zero reference data applicable to the Receivables and Payables module.

To initiate the operation of Receivables and Payables module within the Cash Management system, specific reference data must be established at the outset. This includes configuring reference data such as relationship master, reconciliation rules, charges, accounting parameters, tolerance levels, payment terms, and more. Additionally, administrators may need to be designated to handle administrative tasks, such as creating user accounts, and assigning tasks and privileges based on user profiles.

Maintaining Core Reference Data

Execution of Receivables and Payables transactions requires the establishment of essential reference data, including but not limited to the country list, currency details, customer categories, holiday schedules, financial institutions/banks list, branches, FX rates, and more.

Refer Oracle Banking Common Core User Guide for setting up core reference data

This topic consists the following sub-topics:

  • Accounting Maintenance
    This topic covers the procedures for configuring reference data related to Accounting in the Oracle® Banking Cash Management system, including tasks such as account mapping, defining entry codes, assigning roles, and managing accounting entries.
  • Alerts Maintenance
    This topic describes the information to setup the reference data for Alerts such as contact details, definition and decisioning in Oracle® Banking Cash Management system.
  • Charges Maintenance
    This topic describes the information to maintain the charges in Oracle® Banking 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 Oracle® Banking Cash Management system.
  • Payment Terms Maintenance
    This topic describes the information to maintain specific payment frequencies and dates for buyers making bulk payments on repetitive fixed dates.
  • Reconciliation Rules Maintenance
    This topic describes the information to maintain the Reconciliation Rules in Cash Management system.
  • Relationship Management Maintenance
    This topic describes the information to create linkage between corporates and counterparty.
  • 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/cashflows with the respective payment records.