Overview of Bank Statement Transaction Creation Rules

Bank Statement Transaction Creation Rules are used by Oracle Fusion Cash Management to identify an unreconciled bank statement line or lines and create and account for a transaction.

Configure Bank Statement Transaction Creation Rules by specifying some of the attributes and characteristics of the created transactions. Consider the following when configuring your rules:

• Create as a separate business object.

• Assign to a bank account in the Manage Bank Account page.

• Arrange in order and group to be processed sequentially.

The group of sequenced rules on the bank account constitutes the bank accounts rule set that's used when running the Bank Statement Transaction Creation program.

Process the Bank Statement Transaction Creation Rules by running the Bank Statement Transaction Creation program to create transactions from unreconciled bank statement lines. The program is used to create transactions and account for first notice items such as bank charges, fees, or interest. You must perform the following prior to running the program.

• Run autoreconciliation for the bank statement.

• Perform any manual reconciliation on the bank statement.

This avoids creating external transaction from bank statement lines that already have transactions recorded in the application.