Interested to Buy Any Domain ? << Click Here >> for more details...
How to transfer funds between your internal banks?
- 3 Answers
- 14194 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
Please post the setups required to approve the payable invoice in AP.
can we define 2 different currency revaluation at a time??
how we can stop the transaction for not transfer to the reporting ledger at the time of entering the transaction in pl
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
What is the use of gl set of books name, while configure multiorg?
Do you track and record relationships between customers e.g. franchises, subsidiaries etc.?
what is the difference between bonus reserve and bonus expense
What is the use of hr: user type, while configure multiorg?
How do you adjust receivables?
difference between 11i&r12
Difference between header level tax calculation and line level tax calculation
can any one tell me what exactly functional consultant do on daily basis? client requirements?
I am traying to access oracle functiona/ technical interview questions asked by the consultancy "infosys", but i cant find anything when i go the to the links, i need the oracle erp techno functiona questions pls, Thanks, in advance Tovia
Hi guys, any person available ap,ar material pls send me this mail.id sreenathapps09@gmail.com
I have a requirement where during the consolidation into USD (from GBP books) I want use two different exchange rates for two consolidations. Child SOB is same but the Parent SOB's are different. How can this be done in Oracle Financials? Answers will be Appreciable. Thank You.
