Creation of Bank Accounts for Oracle Payables – Amount Disbursal

Prerequisite

You have installed Payables

To define a basic bank account for disbursements:

1. In the Banks window query an existing Bank.

2. Choose Bank Accounts. Enter the Bank Account Name and Bank Account Number.. If you will use this bank for payments
you make with the EDI Gateway, enter an Account Type. Optionally enter a Description. The currency defaults from your
functional currency.
If you want to use Bank Account validation, enter Check Digits.
3. Select Internal Account Use.
4. In the GL Accounts region, enter a Cash Account.
5. In the Payables Options region, enter default information for your payment batches. Record whether you allow zero-amount
payments and whether this is a pooled account.
6. Optionally enter contact information in the Account Contacts region.
7. Proceed with Defining and Maintaining Payables Payment Documents.