How to transfer funds between your internal banks?
Answers were Sorted based on User's Feedback
Answer / shankar ganesh c t
use Bank Account Transfer functionality in Cash Management
module to transfer funds.
(Intra-Company balancing rules are mandatory) in PL setup.
Is This Answer Correct ? | 5 Yes | 0 No |
Answer / moses
In R12 Cash Management module, This can be done.
There is an option called " Bank Account Transfers", through which you can do fund transfer between two internal banks.
To Do:
1. Cash Management > Bank Account Transfers
2. Click on 'Create' button.
3. Give details of transfer date & transfer amount
4. Enter the Source Bank account Number
5. Enter the Destination Bank Account Number
6. Apply.
Is This Answer Correct ? | 3 Yes | 0 No |
Answer / mihir k. vaidya
Inter Bank transfers can be handeled in two ways.
1. By using the Cash Management functionality.
OR
2. You need to create a supplier and a customer in the name
of your company.These should be used only for fund
transfers (with fund transfer sites ) You can raise a
standard invoice in AP on the Supplier ( Your Co. as
supplier ) then make the payment selecting the bank account
from which u are transferring funds.
Now in AR you can create a Debit Memo on your company's
name (Customer) and book a receipt selecting the bank in
which the funds are to be transferred and apply the DM to
the receipt.
Finally at the month end you can pass a manual JV in gl and
clear off the balance remaining in these accounts.
Is This Answer Correct ? | 3 Yes | 1 No |
I hv done revaluation corectly even got the result also but why report showing in warning mode in view window after refreshing ?
What kind of necessary ap information you gather from the client?
What is Payment Process Profile? and What is use of Payment process profile
why we have to reverse the journal entries after Revaluation?is it mandatory if why?
what is the gap analysis, how do you defined.what are the pre- requisities
What is gap analysis, how do you defined?
Purpose of Payable invoice open interface?
how accounting transactions in AP module??
how to transfer the retained earning amount from curret year to next year? what is the path in apps financial
Hi all, what are the mandatory sql/plsql commands functional consultant need to know, let me know please.....
Payment void is disabled for only one specific payment. what will be the problem..if any idea Please guide me
What is automatic off set method in 11i? Differentiate between balancing method and account method?