Continue Chapter 2: Bank Transfer in Oracle Fusion

 (Optional) Step 7: Review Cash Position Cash Management > Cash Balances > Cash Position

Continue Chapter 2: Bank Transfer in Oracle Fusion

Step 8: Reconcile External Transactions and Create Accounting Entries 

External transactions created for Bank Transfers and Ad hoc payments can be journalized with the Create Accounting process. (After they are reconciled against Bank Statements)

 Any gain/loss calculation due to different currencies is handled by Subledger Accounting the same way it is currently handled for other external transactions. No specific requirement identified for these transactions.

Specify Ledger Options Setup

Sequencing of Intercompany Balancing Rules 

Step 9:-

You can define intercompany balancing rules at the following levels: 

1. Primary balancing segment 

2. Legal entity 

3. Ledger 

4. Chart of accounts 

The rules are evaluated in the order shown above. For example, you can define a Primary Balancing Segment rule and a Legal Entity level rule. If both rules can be used to balance a particular journal, the Primary Balancing Segment rule is used, as it has a higher precedence. You have flexibility in defining your intercompany balancing rules. You can have a simple setup in which you define one rule for your chart of accounts. This rule is used for all intercompany balancing for all ledgers that use this chart of accounts. Alternatively, you can have a more granular set of rules. 

For example, you can define a different rule for each legal entity and one chart of accounts rule to cover any gaps in your rule definitions. You can gain even more granularity by defining rules for specific journal and/or category combinations or intercompany transaction types.