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Cannot update Payment Documents after set Bank Account to use Netting

Discussion in 'Oracle Financials' started by yingsras, May 24, 2012.

  1. yingsras

    yingsras Forum Advisor

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    Hi everyone,

    I set the Netting Account on Bank Account to Yes. But when I back to Bank Account again for updating the Payment Document, the button is disabled. I need this Bank Account for Netting payment and standard payment. I don't want to separate it to 2 Bank Accounts. Is there anyway to setup? or this is the Oracle Standard?
    Could you please advise?

    Thanks,
    Ying
     
  2. money3388

    money3388 Active Member

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    Hi Yang

    You can reference Meta Link note "R12:payment Documents Are Proposed For A Netting Bank Account [ID 959420.1] "
     
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  3. Ramji

    Ramji Forum Guru

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    Ying,

    Netting Bank account is a dummy bank account for which you do not need payable documents because you are not making any actual payments. You are basically setting off payables against receivables and then finally paying off the difference.

    The cash account you specify for this is a dummy account created in GL called Netting Control account. Hence you need to get your concept clear.
    The entire cycle is uploaded here in the docs section.
    cheers
    Ramji

    Conclusion: std functionality
     
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  4. yingsras

    yingsras Forum Advisor

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    Hi All,

    Thank you for your information . I thought I can use the existing bank to be the Netting Bank but I was wrong.. So I have to create a dummy bank for Netting.

    Thanks,
    Ying