Name. The name you use to refer to the bank account. You may want to use a name that indicates the usage of the bank account.
Alternate Name. The alternate name for your bank account.
Number. The bank account identification number. The combination of Bank Account Number, Bank Branch Number, Account Use, and Currency must be unique for each bank.
Account Type. Type of your bank account. For example, Electronic.
Account Use. Indicate the account holder of this account.
• Internal. Your company or organization is the account holder of this account.
• Customer. (Receivables) Your customer is the account holder of this account. You record Customer Accounts to facilitate funds transfer between the Customer Bank Account and your internal bank account.
• Supplier. (Payables) Your supplier is the account holder of this account. You record Supplier Accounts so you can pay your suppliers electronically.
Check Digits. The value used to validate the authenticity of your bank account number according to country specific bank account validation requirements. This value is provided by your financial institution.
Currency. Currency for a bank account. The default value is your functional currency.
Inactive On. On and after this date, during transaction entry, the bank’s account will no longer appear on any lists of values in Payables, and you will not be able to enter the bank account.
Description. Description of the Bank Account. For your reference
available in the list of values for the fields (Bank) Name and (Bank) Number in the Bank Accounts region of the Suppliers and Suppliers Sites windows.
If you do not enable this option in the Supplier Assignments region, then you can enter any combination of supplier and sites within a supplier, but never a different supplier or a site within a different supplier. Also, the account will not appear on the list of values for (Bank) Name and (Bank) Number in the Bank Accounts region of the Suppliers and Suppliers Sites windows once it has been assigned to any other supplier.
[ ] Use the global descriptive flexfield if your installation uses country–specific functionality. Refer to your country–specific documentation for information on any information you enter here.
Account Holder Region of the Bank Accounts Window
Account Holder. Name of the person or organization within your organization who is responsible for this account (optional).
Alternate Account Holder. The alternate name for your bank account holder.
EFT Requester ID. Numeric designation of the organization or person that is responsible for generating this account’s electronic payments (optional). This number is assigned by the bank.
Receivables Options Region of the Bank Accounts Window
Multiple Currency Receipts check box. Check this check box to define the bank account as a multiple currency bank account. A multiple currency bank account is an account that accepts payments in more than one currency.
Remitted Receipts. Enter the account in which you deposit remitted receipts. The account that you enter here defaults to the Remittance field in the GL Accounts tabbed region of the Remittance Banks window.
Factored Receipts. Enter the account in which you deposit factored receipts. The account that you enter here defaults to the Factoring field in the GL Accounts tabbed region of the Remittance Banks window.
Short Term Debt. Enter the account in which you deposit short term debt. The account that you enter here defaults to the Short Term Debt field in the GL Accounts tabbed region of the Remittance Banks window.
More Receivables Options Region of the Bank Accounts Window
Unapplied Receipts. Enter the account in which you deposit unapplied receipts. The account that you enter here defaults to the Unapplied Receipts field in the GL Accounts tabbed region of the Remittance Banks window.
Unidentified Receipts. Enter the account in which you deposit unidentified receipts. The account that you enter here defaults to the Unidentified Receipts field in the GL Accounts tabbed region of the Remittance Banks window.
On Account Receipts. Enter the account in which you deposit on–account receipts. The account that you enter here defaults to the On Account Receipts field in the GL Accounts tabbed region of the Remittance Banks window.
Unearned Discounts. Optionally enter the Receivables Activity to use for unearned discounts, or select from the list of values. Receivables Activities provide default general ledger accounts for discounts created in Receivables.
Earned Discounts. Optionally enter the Receivables Activity to use for earned discounts, or select from the list of values. Receivables
Activities provide default general ledger accounts for discounts created in Receivables.
Supplier Assignments Region of the Bank Accounts Window (Payables)
If you choose Supplier as the Bank Account type, you can use this region to assign supplier bank accounts to a supplier and the supplier’s sites. Entering information in this region will update the Bank
Accounts region of the Suppliers and Supplier Sites windows.
Name. Name of supplier that uses this bank branch to receive electronic payments. If you enter a supplier without specifying a site, Payables defaults the bank account to any new sites you enter for the supplier, but not to existing sites.
Number. Supplier number of the supplier that uses this bank branch to receive electronic payments.
Primary. Enable this check box to make this the default bank account for a supplier or site for receiving electronic payments in the bank account currency. For each supplier and supplier site that has bank account assignments, you must designate exactly one bank account per currency as the primary bank account.
GL Accounts Region of the Bank Accounts Window
Cash. Enter the cash account you are associating with a bank account.
This account must be an asset account.
Bank Charges. If you are using Oracle Cash Management to reconcile your payments, enter the bank charges account you are associating with a bank account. After you reconcile your invoice payments, using Oracle Cash Management, Oracle Receivables creates accounting entries to record your bank charges using this account. The account you enter here defaults to the Bank Charges account field in the GL Accounts region of the Payment Documents window.
Bank Errors: The bank errors account to associate with this bank account. When you reconcile your invoice payment using Oracle Cash Management, Receivables creates accounting entries to record any bank errors using this account. The account you enter here defaults to the Bank Errors account field in the GL Accounts region of the Payment Documents window.
Confirmed Receipts. If you use Automatic Receipts in Receivables and are required to send receipt information to your customer before applying the receipt, the receivable is maintained in the Accounts Receivable account until it is confirmed by the customer. Upon confirmation, it is reversed from the Accounts Receivable account and placed into the Confirmed Receipts account. If you are not required to send receipt information to your customer, the receivable is
automatically reversed from Accounts Receivable and placed into Confirmed Receipts.
Future Dated Payment. If you will use this bank account to disburse future dated payments, enter the default value for the future dated payment account. This value will default to payment documents you enter for this bank account. When Payables accounts for future dated payments, it uses the future dated payment account from either the payment document or supplier site, depending on how the Use Future Dated Payment Account Payables option is set.
Payables Options Region of the Bank Accounts Window (Payables)
You cannot enter Payables Options information for Supplier bank accounts.
Maximum Outlay. The largest currency outlay that you allow for a payment batch for this bank account. If the total outlay of a payment batch exceeds the maximum outlay for the payment batch, Payables displays a warning, but allows you to continue processing the payment batch. The Maximum Outlay for a bank account defaults from the Payables Options window. When you initiate a payment batch using the bank account, Payables uses the bank account’s Maximum Outlay as a default. You can override this default.
Maximum Payment. The largest payment amount that you allow in a payment batch. When you initiate a payment batch using the bank account, Payables uses the bank account’s Maximum Payment as a default. You can override this default.
Minimum Payment. The lowest payment amount that you allow in a payment batch. When you initiate a payment batch using the bank account, Payables uses the bank account’s Minimum Payment as a default. You can override this default.
Realized Gain. If the bank account is a foreign currency or multiple currency account, enter the account you want Payables to use when creating accounting entries for realized exchange rate gains on foreign currency payments. If you use Payables, the default for this field is the Realized Gain Account you define in the Payables Options window. If you are not using multiple currencies, you can leave this field blank.
Realized Loss. If the bank account is a foreign currency or multiple currency account, enter the account you want Payables to use when creating accounting entries for realized exchange rate losses on foreign currency payments. If you use Payables, the default account is the Realized Loss Account from the Payables Options window. If you are not using multiple currencies, you can leave this field blank.
Multiple Currency Payments. Enable this option if you want to use this bank account to pay invoices entered in multiple currencies. You can select this option only if the Use Multiple Currencies Payables
option. When you enable the Automatic Offsets Payables option, Payables creates one offsetting liability distribution for each invoice distribution. If you then pay the invoice from a pooled bank account, then which Payables accounts for the invoice payment, Payables creates one corresponding cash accounting entry for each liability distribution.
In addition, Payables builds the cash account based on the Cash Account defined for the bank account, and on the account segments of the liability lines.
If you do not use a pooled account, then when Payables accounts for the payment, it creates a single accounting entry for the Cash Account, and uses the Cash Account that is defined for the bank account without modifying any account segments.
Account Contact Region of the Bank Accounts Window
Prefix. The prefix (Mr., Ms., etc.) of the contact.
Buttons
Payables Documents. Navigates to the Payment Documents window.
This button is disabled if the bank account Use is Supplier.
Bank Codes. Navigates to the Bank Transaction Codes window. See:
Bank Transaction Codes, Oracle Cash Management User Guide.