Hello,

Let us suppose We are bringing in invoices into AP from external system. These invoices are already paid. We are importing these invoices and creating dummy payments for them. Hence we do not want to reconcile their dummy payments in Cash Management module. How do tell Cash Management module that these payments do not need reconciliation? Can we enter a dummy in the bank statement and reconcile all dummy payments to this line?

Thanks,

Arun

Here are two of the possible solutions:
1)Enter a dummy bank statement with as many lines as the dummy payments. Reconcile your dummy payments with these lines. Make sure you can prove to auditors that these payments were reconciled outside Oracle. Payments status would change to "RECONCILED"
2)You can manually clear the payments in Cash Management. The status would change to "CLEARED" which is not a final step. These payments are not reconciled.

Hello Hasan,

Thanks for the reply.
1) How do you create dummy bank statements in CE?
2) The final status is 'Reconciled' - is it not? So if the status remains as "CLEARED" what is the impact?

Thanks,
Arun

You can enter Bank Statement manually or load it through the interface. If the payment is not reconciled, it would be available for reconciliation in the system. It would be more meaningful to discuss this in detail once I have produced more CE videos.

I understand.Thank you Hasan.