LAB0320Y by aashu4uiit

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									Practice - Set Up a Bank
Distribution
11i Payables 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 © Oracle Corporation, 2002. All rights reserved.

Practice - Set Up a Bank Effective 07/27/04

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Practice - Set Up a Bank
Overview
In this practice, you will set up a bank.

Assumptions
  Replace XX with your terminal number or initials. 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.

Tasks
Responsibility: Payables, Vision Operations (USA) 1. Navigate to the Banks window:  Bank Name = XXBank of America  Bank Branch Name = New York Enter a Street Address, City, State and Postal Code for your bank. Select Contact. Enter the Last Name, First Name, Title, and Phone number of the person you do business with at this bank. Save your work. Go to Bank Accounts, and enter the following:  Name = XXDisbursement  Account Use = Internal (other possibilities are Customer and Supplier)  Bank Account Number = XX  Description = Cash Disbursement Account From GL Accounts, enter the following Accounting Flexfield information:
Account Type Cash Cash Clearing Bank Charges Bank Errors Confirmed Receipts Future Dated Payment GL Account 01-000-1110-0000-000 01-000-1110-0000-000 01-720-7870-0000-000 01-720-7870-0000-000 Leave Blank 01-000-2580-0000-000

2. 3. 4. 5.

6.

Copyright © Oracle Corporation, 2002. All rights reserved.

Practice - Set Up a Bank Effective 07/27/04

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7. 8.

Save your work. Go to Payables Options, and enter the following:  Maximum Outlay = 1000000  Maximum Payment Amount = 200000  Minimum Payment Amount = 5  Multiple Currency Payments = Checked Save your work.

9.

10. Go to Payables Documents, and enter the following:  Document Name = Computer/Manual  Disbursement Type = Combined (as these checks will be for both manual and computer-generated checks)  Payment Format = Short Check Format 11. Go to Additional Information, and enter the following:  Last Used = 99  Last Available = 1000 12. Save your work. 13. Navigate to the Standard Request Submission form. 14. Run the Bank Account Listing Report, and enter the following:  Name = Bank Account Listing  Sort Accounts By = Bank, Branch, Account Name  Include Active/Inactive Accounts = Both  Effective Date = Today’s date 15. Select OK and Submit. 16. Do not submit another request. 17. View the Output. 18. Refresh Data until request completes. 19. Select View Output. 20. Review your bank set-up.

Copyright © Oracle Corporation, 2002. All rights reserved.

Practice - Set Up a Bank Effective 07/27/04

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Solution - Set Up a Bank
Tasks
Set Up a Bank 1. Navigate to the Banks window  (N) Setup > Payment > Banks  Bank Name = XXBank of America  Bank Branch Name = New York

2. 3. 4. 5.

In the poplist, select Address if it does not default. Enter a Street Address, City, State and Postal Code for your bank. In the poplist, select Contact Enter the Last Name, First Name, Title, and Phone number of the person you do business with at this bank.

6.

Save

Copyright © Oracle Corporation, 2002. All rights reserved.

Practice - Set Up a Bank Effective 07/27/04

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Create a Bank Account 7. (B) Bank Accounts  Name = XXDisbursement  Account Use = Internal (other possibilities are Customer and Supplier)  Bank Account Number = XX  Description = Cash Disbursement Account (T) GL Accounts Enter the following Accounting Flexfield information:
Account Type Cash Cash Clearing Bank Charges Bank Errors Confirmed Receipts Future Dated Payment GL Account 01-000-1110-0000-000 01-000-1110-0000-000 01-720-7870-0000-000 01-720-7870-0000-000 Leave Blank 01-000-2580-0000-000

8. 9.

10. Save

Copyright © Oracle Corporation, 2002. All rights reserved.

Practice - Set Up a Bank Effective 07/27/04

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11. (T) Payables Options  Maximum Outlay = 1000000  Maximum Payment Amount = 200000  Minimum Payment Amount = 5  Multiple Currency Payments = Checked 12. Save Create Payables Documents 13. (B) Payables Documents  Document Name = Computer/Manual  Disbursement Type = Combined (as these checks will be for both manual and computer-generated checks)  Payment Format = Short Check Format 14. (T) Additional Information  Last Used = 99  Last Available = 1000 15. Save Run the Bank Account Listing Report 16. Navigate to the Standard Request Submission form  (N) Other > Requests > Run  Name = Bank Account Listing  Sort Accounts By = Bank, Branch, Account Name  Include Active/Inactive Accounts = Both  Effective Date = Today’s date

Copyright © Oracle Corporation, 2002. All rights reserved.

Practice - Set Up a Bank Effective 07/27/04

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17. (B) OK 18. (B) Submit 19. Do not submit another request View the Output 20. (M) View > Request 21. (B) Find 22. (B) Refresh Data until request completes 23. (B) View Output 24. Review your bank set-up.

Copyright © Oracle Corporation, 2002. All rights reserved.

Practice - Set Up a Bank Effective 07/27/04

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