Banks and Bank Accounts

Use the Banks window to enter bank information for bank branches with which you do business. Oracle Financial Applications, including Payables, Receivables and Cash Management, share bank definitions, although not every application uses all available bank information. Each bank can have multiple branches, each branch can have multiple accounts, and each account can be associated with multiple Payables payment documents, as well as multiple Receivables payment methods.

For Payables, you use the Banks window to define your internal bank accounts from which you disburse payments. For each internal bank account, you can define payment documents for checks, electronic payments (EFT and EDI), wire transfers and clearing payments. You use this same Banks window to enter supplier bank information for your suppliers to which you send electronic payments.