Internal and External bank accounts in r12
In this post, We will be discuss about Internal and External bank accounts in r12. There are two type of bank accounts in r12 and both have the different purpose of use in r12. We do use both types of bank accounts in r12. In Oracle apps , We do create two types of bank accounts. Internal Banks and External Banks. Internal banks are those banks , Which we creates in the Oracle applications to do the payments for suppliers and receive the payment from the customers. Internal bank account query in r12 stores all about Bank , Branch information's as well as Bank Accounts too. Here below is the complete Detail About Internal and External bank accounts in r12.2 Types of Bank Accounts in R12
1.Internal Bank Account
2.External Bank Account
Internal Bank Account :-
Internal Bank account in r12 , is that bank which is the organization or Business Unit Internal Bank. IT means , Internal Bank Account used by Organization/Business Unit for the Supplier Invoices Payments and to Receive the customer Receipts for the Customer Invoices. Internal Bank Account specific to the BU only and work for the Internal Purpose.
External Bank Account:-
External Bank Account in r12 , is that bank which belongs to Supplier or Customers. It means , External Bank Account used by Supplier and Customer or we can say these are the bank accounts for Supplier and Customers . We do maintain the Supplier and Customer bank accounts , to make the EFT payments to Suppliers and Credit Amounts for Customers. External Bank Account specific to the Supplier and Customers and work for the External Purpose.
Step by step to Create Internal and External bank accounts in r12
Step1:- Go to Cash Management Super User
Setup==> Banks
First Create the Bank.
Step2:-
Step3:- Enter the Bank Information about Bank Name and Bank Number. Click Next to Create Bank Address
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| Internal and External bank accounts in r12 |
Step4:- Click on create Enter the Bank Address information's for the Bank.
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| Internal and External bank accounts in r12 |
Step5:- Entering The Bank Address Information's.
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| Internal and External bank accounts in r12 |
Step6:- Bank is Created. Now we will create the Bank Branch. Create the Create Branch as Highlighted Below.
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| Internal and External bank accounts in r12 |
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.
Enter the Branch Address Information's. Click on Create Address as below.
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| Internal and External bank accounts in r12 |
Step8:- Now Branch has been created. Now We need to create the Bank Account. Click on the Create Bank Account as below.
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| Internal and External bank accounts in r12 |
Step9:- Creation Bank Accounts Under Bank and Band Branch.
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| Internal and External bank accounts in r12 |
Step10:- Select the Legal Entity under which We want to use this Bank Account. Select the Account Use "Payables" , "Payroll" and "Receivables".
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| Internal and External bank accounts in r12 |
Step11:- Enter the Bank Account Name and Account Number , Currency.
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| Internal and External bank accounts in r12 |
Step12:- We need to enter the Cash GL account combination for the Bank and Can Put other Payables Control there.
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| Internal and External bank accounts in r12 |
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