Purpose
This collection of reference guides is intended for External Transaction Specialists to create external transactions.
Action
· Create External Transactions (Manual).
· Confirm External Transactions.
Terminology
· Reconciliation: The process of comparing transactions and activity to supporting documentation.
Create External Transactions
1. Login using Company Single Sign-On to access your Oracle account.
2. Navigate and select the Cash Management module.
3. Select Bank Statements and Reconciliation.
4. Select the Taskbar.
5. Select Create Transactions under External Cash Transactions.
6. Add Bank Account, Business Unit, Amount, Date, Reference, Transaction Type and Description. NOTE: Cash inflows should be entered as a positive amount; outflows should be entered as a negative amount.
7. Select the Account Transaction checkbox.
8. The Cash Account populates automatically based on the Bank Account selected in the Transaction Details. Populate the Offset Account with the appropriate offset for the accounting journal entry. The accounting process will apply the debits and credits automatically based on the +/- sign of the transaction amount.
9. Select Save and Close.
You have now completed the process of Creating External Transactions (Manual).
Confirm External Transactions
1. Login using Company Single Sign-On to access your Oracle account.
2. Navigate and select the Cash Management module.
3. Select Bank Statements and Reconciliation.
4. Select the Taskbar.
5. Select Manage Transactions under External Cash Transactions.
6. Search the transaction by entering Transaction Number, Bank Account, Currency, Business Unit, Transaction Type, Date, Amount, Reference, Status or Origin.
7. Select Search.
8. Verify the transaction and select Done.
You have now completed the process of Confirming External Transactions.