What is difference between auto reconciliation and manual reconciliation?
Answer Posted / sudhakar
Manual reconciliation means we are reconciling our AP payments and AR Receipts and some times users can enter Manual JV's in GL Module right. In Manual reconciliation time we can clearly identify this payment and this receipt came from AP/AR/GL modules. With the help of Source system. All companies will do manual reconciliation. Some companies will follow Auto reconciliation. For doing Auto Reconciliation we need bank statements to load in ERP with respective formate. Once it loaded with the help of Auto Lock Box setups. We can reconcile AP Payments and AR Receipts with the help of Payment ID's and Receipt ID's and with the help of Supplier name and with invoice amounts. and with customer names and with receipt amounts.
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Provide an overview of AR cash receipt processing.
What is the Use of Grouping Rule in Receivables ? is it mandatory field ?
How to Reconciliation AP to CM ? How to Reconciliation AR to CM ?
Can I do a payment of 50 bills on a post date. If yes, then how?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
There is employee X and employee Y (who is supervisor of X); when Y submits expenses how will the system ensures that this should not go to X even if he has the approval authority.
explain with examples what r the roles & Responsiblities of a functional consultant who reviews the Test Scripts, Test Cases and Test Execution Results of AP, FA and GL.
How will account an advance of Rs.10000/- which is a permanent prepayment, can I make payment for this?
What is meaning of deprecation?
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
What is difference between primary and secondary ledger
I have created an invoice and made the payment in Accounts payable. Now the payment status is Negotiable and accounting status is processed. I reconciled the transaction in Cash Mgmt, The status changed from negotiable to Reconciled in CM. I checked the payment status for the invoice in payment window(AP), the payment status changed to RECONCILED UNACCOUNTED i.e correct but the accounting status is remain processed which is not the correct. I hope the transaction will be correct if the accounting status would have changed to PERTIAL . Please suggest any solution for the above query.
What is multi org? What is difference between 11i and 12i multi org structure?
1.what is the name of program to create invoice automatic from po.? 2.How to auto upload the bank statement? 3.PO tax has not flown to invoice . why? Debit memo not generated for return of goods.??
While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.