Oracle r12 bank account setup : Oracle cash management bank account setup

Oracle r12 bank account setup

Bank Account setup is very important in Oracle r12 to process the payments to the Suppliers. In Oracle , we have two types of Bank Accounts Internal and External. Here in this Post , We are talking about the Internal Bank Account setup. The Internal bank of the Business units which they uses to process the Payments and to receive the payment from Customers. We all know that , In Oracle r12 we do control on every thing through Accounting. So in the Bank Accounts too , we put the control through accounting. We assigned the GL accounts to each Internal Bank Account so that , We can keep the track of each entry happen for this Bank. Here in this Post , I will share the bank account setup so that we can use this banks in the Payments and Customer receipts too.

 

Step by step to perform bank account setup in Oracle R12

Step1:- Go to Cash Management Super User

 

Setup==> Banks

 

First Create the Bank.

 

Step2:-

Oracle cash management bank account setup

Step3:- Enter the Bank Information about Bank Name and Bank Number. Click Next to Create Bank Address

 

Step4:- Click on create Enter the Bank Address information's for the Bank.

 

 

Step5:- Entering The Bank Address Information's.

 

 

Step6:-  Bank is Created. Now we will create the Bank Branch. Create the Create Branch as Highlighted Below.

 

 

 Step7:- Enter the branch Name and Bank Branch Number information in the Create Branch.

Enter the Branch Address Information's. Click on Create Address as below.

Step8:- Now Branch has been created. Now We need to create the Bank Account. Click on the Create Bank Account as below.

 

 

Step9:- Creation Bank Accounts Under Bank and Band Branch.

 

 

Step10:- Select the Legal Entity under which We want to use this Bank Account. Select the Account Use "Payables" , "Payroll" and "Receivables".

 

 

Step11:- Enter the Bank Account Name and Account Number , Currency.

 

 

Step12:- We need to enter the Cash GL account combination for the Bank and Can Put other Payables Control there.

 

 

 

 

 

Oracle r12 bank account setup