Skip to main content

Oracle EBS: Banks

The concept of Banks in Oracle Apps is same as Customer or Suppliers i.e. Banks are treated as Party or a Shared Entity. Banks are shared among following modules:

  • Payables
  • Receivables
  • Treasury
  • Payroll
  • Cash Management
Technically Banks are owned by Cash Management.
The hierarchy of banks is as follows:
  • Bank
    • Bank Branch
      • Bank Account
        • Payment Document or Check Book
Banks are used in Payables for Payments and in Receivables they are used for Receipts. Then these payments and receipts are automatically transferred to Oracle Cash Management for reconciliation depending on the configured options for reconciliation and Receipt Methods.
The Bank setups are changed in R12 as compared to R11i. The two major changes in Bank setups are:
  • The concept of Account Owner in Bank Account Setup.
  • And secondly you have to configure Cash Management Responsibility whatsoever to setup a bank.
This account owner refers to Legal Entity. You can see the use of this concept where there are more than one legal entity working on a single instance. But even if you are using a single Legal Entity, you still have to give the right to Legal Entity in order to setup a bank account.
Here are steps for setting up a bank account:
  1. Create a Cash Management responsibility and give the attach the following profile option
    1. GL: Ledger Name
    2. MO: Operating
  2. Log in the application using “SYSADMIN” user ID
  3. Click on “User Management” Responsibility
  4. Go to “Roles & Role Inheritance”
  5. Search for “Cash Management” in the Application search field
  6. Look for the Cash Management responsibility you create in Step.1 and Click on Update icon
  7. Click on “Security Wizard” Button. (Click “Save and Proceed” if required)
  8. On the next form click “Run Wizard” icon against the field CE UMX Security Wizard
  9. Click on “Add Legal Entity” button
  10. Search and attach the legal entity.
  11. Give the Bank Access Grant
  12. Save the records
By doing this you are now able to setup a Bank Account
That’s All for now :)
Labels:

Comments

Post a Comment

Popular posts from this blog

Oracle Subledger Accounting (SLA) Tables, Views

Oracle Subledger Accounting (SLA) Tables, Views Oracle Subledger Accounting Tables: TABLE NAME DESCRIPTION XLA_AAD_GROUPS The XLA_AAD_GROUPS table stores the merge dependencies analyzed during the merge analysis.  All application accounting definitions with the same GROUP_NUM must be merged together. XLA_AAD_HDR_ACCT_ATTRS The XLA_AAD_HDR_ACCT_ATTRS stores standard, system and custom sources assigned to an accounting attribute at the AAD level. XLA_AAD_HEADER_AC_ASSGNS Store the analytical criteria for the application accounting definitions. XLA_AAD_LINE_DEFN_ASSGNS This table stores the journal lines definitions for the application accounting definitions. XLA_AAD_LOADER_DEFNS_T The XLA_AAD_LOADER_DEFNS_T table is the interface table that facilitates the data transfer from data files and the database. XLA_AAD_LOADER_LOGS The XLA_AAD_LOADER_LOGS table stores the errors and logs generated by the application accounting definitions loader. XLA_AAD_SOURCES XLA_AAD_SOURCES table stores a...
1 comment
Read more

O2C Cycle with Accounting Entries

  ORDER    TO  CASH  PARTICULARS  DR  CR SPL NOTES ACCOUNT IS PULLED FROM Sales order entry No Accounting Sales Order Pick From Sub Inventory A/c 100 At Standard Cost Sub-inventory Material A/c Setup To Sub Inventory A/c 100 At Standard Cost(Staging) Sub-inventory Material A/c Setup Sales Order Issue COGS 100 It can be fetched from five places Master Item/Org/Order Type/Line Type/Shipping Params To Sub Inventory A/c 100 At Standard Cost Sub-inventory Material A/c Setup Transaction level Receivable A/c 120 Auto Accounting Tax A/c 10 Auto Accounting Freight A/c 10 Auto Accounting Revenue A/c 100 Auto Accounting Receipts Receipts with no remittance method Cash 100 Before application of the receipt Receipt class Unapplied A/c 100 Receipt class Unapplied A/c 100 After application of the receipt to the transaction Receipt class Receivables A/c 100 Receipt class Cash A/c 100 Receipt class Unidentified A/c 100 In case of receipt without customer...
Post a Comment
Read more

R12 Oracle E-Business Tax Configuration Guide

Applies to: Oracle E-Business Tax - Version: 12.0 to 12.2 Information in this document applies to any platform. Abstract R12 Oracle E-Business Tax Configuration Guide Document History R12 Oracle E-Business Tax Configuration 1. Tax Basic Tax Configuration Tax Definition: comprises the tax data that you set up for each tax regime and tax that your company or institution is subject to. The Tax Authority designates the regulations and rates that apply to the tax regime. Required Task List a) External Dependencies Create First Party: Legal Entity and Establishments Create Reporting and Collecting Tax Authorities b) Tax Configuration Create Tax Authorities Party Tax Profiles Create Tax Regimes Create First Party Legal Entity Party Tax Profile Create Tax Create Tax Status Create Tax Jurisdictions Tax Rate Responsibility: Tax Manager Path: Tax Managers -> Tax Managers -> Home Complete the following setup tasks: -Legal Entities and Establishments -Reporting and Collecting Tax Authorities ...
1 comment
Read more