Creating bank accounts

Oracle Cash Management provides us with the functionality to create bank accounts. In this
recipe, we will create a bank account for a bank called Shepherd Bank, for one of their branches
called Kings Cross branch.

Getting ready
Log in to Oracle E-Business Suite R12 with the username and password assigned to you by the
system administrator. If you are working on the Vision demonstration database, you can use
OPERATIONS/WELCOME as the USERNAME/PASSWORD.

We also need to create a bank before we can create the bank account. Let's look at how to create
a bank and the branch:

1. Select the Cash Management responsibility.

2. Navigate to Setup | Banks | Banks.

3. In the Banks tab, click on the Create button.

4. Select the Create new bank option.
5. In the Country field, enter United States.
6. In the Bank Name field, enter Shepherds Bank.
7. In the Bank Number field, enter JN316.
8. Click on the Finish button.

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Let's create the branch and the address:

1. Click the Create Branch icon: The Country and the Bank Name are automatically
entered.
2. Click on the Continue button.

3. In the Branch Name field, enter Kings Cross.

4. Select ABA as the Branch Type.
5. Click on the Save and Next button to create the Branch address.

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 6. In the Branch Address form, click on the create button.
7. In the Country field, enter United States.
8. In the Address Line 1 field, enter 4234 Red Eagle Road.
9. In the City field, enter Sacred Heart.
10. In the County field, enter Renville.
11. In the State field, enter MN.
12. In the Postal Code field, enter 56285.
13. Ensure that the Status field is Active.
14. Click on the Apply button.
15. Click on the Finish button.

Let's create the bank account:

1. Select the Cash Management responsibility.

2. Navigate to Setup | Bank Accounts

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3. In the Manage Bank Accounts tab, click on the Create button.

4. In the Country field, enter United States.
5. In the Bank Name field, enter Shepherds bank.
6. In the Branch Name field, enter Kings Cross.
7. Click on the Continue button.
8. Select Vision Operations for the Bank Account Owner field.
9. Select Payables and Receivables for the Account Use field and click on the Next button.
10. In the Account Information form, enter the following information:

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 o In the Account Name field, enter Shepherd Account
o In the Account Number field, enter 95-6891-3074
o In the Currency field, enter USD
o Select the Multiple Currencies Allowed option
o Click on the Save and Next button
11. In the General Controls form, enter the following information:

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o In the Cash and the Cash Clearing fields, enter 01-000-1110-0000-000

o In the Bank Charges and the Bank Errors fields, enter 01-740-7870-0000-000
o In the Payables Controls region, select Multiple Currency Payments, Allow
Zero Payments, and Pooled Account

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 o Enter 10.00 in the Minimum Payment field
o Enter 1,000,000.00 in the Minimum Outlay field
o Enter 500,000.00 in the Maximum Payment field
o Click on the Save and Next button
12. In the Account Access form, click on the Add Organization Access button.

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13. Select Payables and Receivables for the Account Use field.
14. Select Vision Operations for the Organization field and click on the Continue button.
15. Click on the Apply button.
16. Click on the Save and Next button.
17. Click on the Finish button, we should receive a confirmation that the account has been
created.