The following topics describe how to process bank transactions, import bank statements, and create electronic payments in country-specific formats.

Overview
Introduces banking and cash management concepts.

Banking Setup
Describes the setup steps for manual banking processes.

Using Banking Functions
Introduces the banking entry functions.

Banking Entry Flow
Illustrates and describes the banking entry workflow.

Electronic Banking Setup
Describes the setup required for electronic banking.

Electronic Processing
Process electronic banking transactions.

EDI Advanced Banking for Accounts Receivable
Describes the accounts receivable process in which the bank acts as an intermediary to collect cash from customers.

EDI Advanced Banking for Accounts Payable
Describes the accounts payable process in which the bank acts as an intermediary to collect cash from customers.

Using Petty Cash
Record petty cash transactions.

Cash Flow Reporting
Forecast monthly cash projections.

The Banking and Cash Management functions let you process banking transactions and allocations to open items, payments, or GL accounts. The process also supports discounts, prepayments, and multiple currencies.

The functional stages in the banking and cash management flow are represented by the following processes:

To store your bank account number in the system, you must first apply a validation format to the account number. The validations depend on the country where your bank is located. Therefore, before you create your bank account, ensure that the correct validation format is available for your account number. See Define Bank Account Formats.

To use banking functions, you must first define the bank accounts for your entity. See Define Own Bank Number.

When customer and supplier payments have been processed by your bank, you use banking functions to complete the AR and AP cycles.

The Banking Entry function completes most of the payment cycles and supports all major international banking standards. Banking Entry also manages the manual and automatic entry and allocation of bank statements, including:

See Using Banking Functions.

The electronic banking in Financials lets you import bank statements from external systems. You can also convert transaction data contained in electronic bank files into automatic customer and supplier payments.

See Electronic Banking Setup and Electronic Processing.

Financials EDI Advanced Banking supports business cases where your bank acts as an intermediary to collect cash from customers. An example of EDI Advanced Banking is Boleto Bancários, which is a significant payment collection system in Brazil.

EDI Advanced Banking for Accounts Receivable.

The Petty Cash functions lets you maintain daily cash movements and provide cash account reports as receipts for cash in and cash out transactions using the company’s cash on hand. See Using Petty Cash.

A Cash Forecast report presents information on open items, bank and cash accounts, loans and deposits, and accruals. The report generated also provides detailed analysis per period and currency. See Cash Flow Reporting.