Oracle Payables integrates with Oracle Cash Management to set up your internal banks. Oracle Cash Management's bank account model allows users to define and keep track of all bank accounts in one place and explicitly grant account access to multiple operating units/functions and users. Using Oracle Cash Management, you define internal banks from which you disburse payments for your Payables transactions. See: Bank Account Model Overview, Oracle Cash Management User's Guide.
You can also define external banks for your suppliers to which you send electronic payments. You then assign these bank accounts to the supplier and its sites using the Banking Details page accessed from the Suppliers page. See: Defining Bank Account Details.
Complete these internal bank setup steps in Oracle Cash Management:
Define banks and bank branches.
Use the Manage Banks and Branches page to access pages to specify general information and define addresses and contacts for banks and bank branches. See: Create Banks, Oracle Cash Management User's Guide and Define Bank Branches, Oracle Cash Management User's Guide.
Define bank accounts.
Use the Manage Bank Accounts page to access pages to create account owners and use, controls, access, and contacts. Also specify general information for your bank accounts. See: Bank and Account Administration: Define Bank Accounts, Oracle Cash Management User's Guide.
Manage payment documents.
Use the Manage Payment Documents region on the Manage Bank Account page to access the Payment Documents page. From this page, you can access pages to create payments documents, update payment documents, and void skipped documents. See: Oracle Cash Management User's Guide.
You specify options for processing payments in the Payables Controls region of the Create Bank Account: Account Controls page in Oracle Cash Management.
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 is enabled and of the bank account is in your functional currency.
Allow Zero Payments. Enable this option to allow zero-amount payments from this bank account.
Pooled Account. Enable this option if you use Automatic Offsets and you want to associate multiple companies with this bank account. Oracle Payables creates one corresponding cash accounting entry for each liability distribution. Oracle Payables builds the cash account based on the cash account defined for the bank account, and on the account segments of the liability lines.
Maximum Outlay. Enter the largest currency outlay that you allow for a payment batch for this bank account. The system displays a warning if the payment batch exceeds this amount. However, you can continue to process the payment batch. You can override this default amount when initiating a payment batch.
Minimum Payment. Enter the lowest payment amount that you allow in a payment batch. You can override this default amount when initiating a payment batch.
Maximum Payment. Enter the largest payment amount that you allow in a payment batch. You can override this default amount when initiating a payment batch.