LAB3F75Y

Practice - Reconcile your Bank Statement (Required)
Distribution
R12 Oracle Cash Management Fundamentals
Ownership
The Job Title [list@YourCompany.com?Subject=LABxxxxx] is responsible for ensuring that
this document is necessary and that it reflects actual practice.
Copyright © 2007, Oracle. All rights reserved.
Practice - Reconcile your Bank Statement (Required) 626556165.doc

Effective Draft 1 Page 1 of 9 Rev 1
Practice - Reconcile your Bank Statement (Required)
Overview
In this practice you will reconcile your Bank Statement.
Assumptions
 Replace XX with your terminal number.
 You must have access to an Oracle Application Vision database or comparable training
or test instance at your site on which to complete this practice.
 Instructor will: Set Matching Order (System Parameters) to Batch for Receivables and
Transaction for Payables Also, set Tolerances for Percent to 1 and Amount to 5
(System Parameters, (T) AutoReconciliation) and AP Tolerances Differences to Errors.
Tasks
Use the AutoReconciliation program to reconcile your bank account statement.
1. Navigate to the Submit Request window:
 (N) Other > Programs > Run
2. Click (B) OK to submit a single request.

 Request Name = AutoReconciliation
 Select parameters according to the following table:
Parameter Value
Bank Branch Name XXNew York
Bank Account Number XX-01
Statement Number From Leave Blank
Statement Number To Leave Blank
Statement Date From Leave Blank
Statement Date To Leave Blank
GL Date Accept the default
Organization Vision Operations (OU)
Receivable Activity Bank Charges
Payment Method Leave Blank
NSF Handling No Action

3. Click (B) OK to close the Parameters window.
4. Click (B) Submit.
Note: Do not submit another request.
5. Review the Results of AutoReconciliation.
 Select (M) View > Requests.
 Click (B) Find.
6. Select AutoReconciliation Execution Report.
 Click (B) View Output and verify results.
View Status of Bank Statement Lines
7. Navigate to the Bank Statement window:
 (N) Bank Statements > Bank Statements and Reconciliation
8. Select (M) View > Find.

 Account Number = XX-01
9. Click (B) Review to view the status of your bank reconciliation.
10. Click (B) Lines.
11. Click (B) Reconciled.

 Note the Amount Reconciled value.
Hint: In Oracle Accounts Receivable, if you are trying to reconcile your bank statement and
several receipts on the statement do not show as "Available in Cash Management, verify that
you have the system parameter "Show Cleared Transactions" checked.
Create a Payment for the unrecorded wire transfer in Payables
12. Select the payment line for the wire transfer.
13. Click (B) Create.

 AP Payments
14. Click (B) OK

 Type = Manual
 Organization = Vision Operations
 Trading Partner = Advanced Network Devices
 Supplier Site = SANTA CLARA-ERS
 Payment Date = User-defined

 Bank Account = XXDeposit/Disbursement
 Payment Method = Wire
 Payment Process Profile = User-defined
15. Click (B) Enter/Adjust Invoices.

 Invoice Number = XX-5
16. Save your work and close the Enter/Adjust invoices window.
Create Accounting
17. Click (B) Actions.

 Create Accounting = Selected.
18. Click (B) OK.
19. Close windows until you are back to the bank statement lines window.
Associate the bank statement line with the payment
20. Select the line with the wire transfer.
21. Click (B) Available.
22. Accept the defaults values.
23. Click (B) Find.
24. Select the payment line.
25. Click (B) Reconcile.
Add the bank charge
26. Select the line with the bank charge.

 AR Receipts
 Receipt Method = XXCashMisc
 Receipt Number = RXX-4
 Receipt Type = Miscellaneous
 Activity = Bank Charges
28. Save your work.
29. Close the receipts window.

Associate the bank statement line with the bank charge

 Detail = Selected
31. Select (T) Receipt.

 Payment Method = XXCashMisc
32. Click (B) Find.
33. Select the transaction.
Note: All bank statement lines should now be reconciled.
Complete the bank statement reconciliation
35. Close the bank statement lines window.

 Complete = Checked
36. Save your work.

Solution - Reconcile your Bank Statement (Required)
Use the AutoReconciliation program to reconcile your bank account statement.
1. Navigate to the Submit Request window:
 (N) Other > Programs > Run
2. Click (B) OK to submit a single request.

 Request Name = AutoReconciliation
 Enter parameters according to the following table:
Parameter Value
Bank Branch Name XXNew York
Bank Account Number XX-01
Statement Number From Leave Blank
Statement Number To Leave Blank
Statement Date From Leave Blank
Statement Date To Leave Blank
GL Date Accept the default
Organization Vision Operations (OU)
Receivable Activity Bank Charges
Payment Method Leave Blank
NSF Handling No Action
3. Click (B) OK to close the Parameters window.
4. Click (B) Submit.
Note: Do not submit another request.
5. Review the Results of AutoReconciliation.
 Select (M) View > Requests.
 Click (B) Find.
6. Select AutoReconciliation Execution Report.
 Click (B) View Output and verify results.

View Status of Bank Statement Lines
7. Navigate to the Bank Statement window:
 (N) Bank Statements > Bank Statements and Reconciliation
8. Select (M) View > Find.

 Account Number = XX-01
9. Click (B) Review to view the status of your bank reconciliation.
10. Click (B) Lines.
11. Click (B) Reconciled.

 Note the Amount Reconciled value.
Hint: In Oracle Accounts Receivable, if you are trying to reconcile your bank statement and
several receipts on the statement do not show as "Available in Cash Management, verify that
you have the system parameter "Show Cleared Transactions" checked.
Create a Payment for the unrecorded wire transfer in Payables
12. Select the payment line for the wire transfer.

 AP Payments
14. Click (B) OK.

 Type = Manual
 Organization = Vision Operations
 Trading Partner = Advanced Network Devices
 Supplier Site = SANTA CLARA-ERS
 Payment Date = User-defined
 Bank Account = XXDeposit/Disbursement
 Payment Method = Wire
 Payment Process Profile = User-defined
15. Click (B) Enter/Adjust Invoices.

 Invoice Number = XX-5
16. Save your work and close the Enter/Adjust invoices window.
Create Accounting
17. Click (B) Actions.

 Create Accounting = Selected
18. Click (B) OK.

19. Close windows until you are back to the bank statement lines window.
Associate the bank statement line with the payment
20. Select the line with the wire transfer.
22. Accept the defaults.
23. Click (B) Find.
24. Select the payment line.
Add the bank charge
26. Select the line with the bank charge.

 AR Receipts
 Receipt Number = RXX-4
 Receipt Type = Miscellaneous
 Activity = Bank Charges
28. Save your work.
29. Close the receipts window.
Associate the bank statement line with the bank charge

 Detail = Selected
31. Select (T) Receipt.

32. Click (B) Find.
33. Select the transaction.
Note: All bank statement lines should now be reconciled.

Complete the bank statement reconciliation
35. Close the bank statement lines window.

 Complete = Checked
36. Save your work.


LAB3F75Y

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

LAB3F75Y

Uploaded by

Copyright:

Available Formats

Practice - Reconcile your Bank Statement (Required)

Copyright © 2007, Oracle. All rights reserved.

Practice - Reconcile your Bank Statement (Required) 626556165.doc

1. Navigate to the Submit Request window:

 (N) Other > Programs > Run

2. Click (B) OK to submit a single request.

Copyright © 2007, Oracle. All rights reserved.

Practice - Reconcile your Bank Statement (Required) 626556165.doc

4. Click (B) Submit.

Note: Do not submit another request.

5. Review the Results of AutoReconciliation.

 Select (M) View > Requests.

 Click (B) Find.

6. Select AutoReconciliation Execution Report.

 Click (B) View Output and verify results.

View Status of Bank Statement Lines

7. Navigate to the Bank Statement window:

 (N) Bank Statements > Bank Statements and Reconciliation

8. Select (M) View > Find.

9. Click (B) Review to view the status of your bank reconciliation.

10. Click (B) Lines.

11. Click (B) Reconciled.

Create a Payment for the unrecorded wire transfer in Payables

12. Select the payment line for the wire transfer.

13. Click (B) Create.

14. Click (B) OK

Copyright © 2007, Oracle. All rights reserved.

Practice - Reconcile your Bank Statement (Required) 626556165.doc

15. Click (B) Enter/Adjust Invoices.

17. Click (B) Actions.

18. Click (B) OK.

Associate the bank statement line with the payment

20. Select the line with the wire transfer.

21. Click (B) Available.

22. Accept the defaults values.

23. Click (B) Find.

24. Select the payment line.

25. Click (B) Reconcile.

Add the bank charge

26. Select the line with the bank charge.

27. Click (B) Create.

28. Save your work.

29. Close the receipts window.

Copyright © 2007, Oracle. All rights reserved.

Practice - Reconcile your Bank Statement (Required) 626556165.doc

30. Click (B) Available.

31. Select (T) Receipt.

32. Click (B) Find.

33. Select the transaction.

34. Click (B) Reconcile.

Note: All bank statement lines should now be reconciled.

Complete the bank statement reconciliation

35. Close the bank statement lines window.

36. Save your work.

Copyright © 2007, Oracle. All rights reserved.

Practice - Reconcile your Bank Statement (Required) 626556165.doc

1. Navigate to the Submit Request window:

 (N) Other > Programs > Run

2. Click (B) OK to submit a single request.

3. Click (B) OK to close the Parameters window.

4. Click (B) Submit.

Note: Do not submit another request.

5. Review the Results of AutoReconciliation.

 Select (M) View > Requests.