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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 :)

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