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Most of the Government Organizations as well as few other companies might have a requirement they want to manage multiple Funds with Single Bank account. In that case you cannot create two bank accounts in Oracle Applications, but you need to ensure the Expense and Accounting distribution lines are created with Multiple Lines for each Expense as well as Liability Accounts and Bank Account.

Please find an article from from Mr Sivakumar Ganeson that describes "How to use Pooled Account in Oracle Payables".

The article can be accessed from this link



Sivakumar Ganesan

Comments   

0 #1 p.s.mukesh yadav 2007-10-02 07:36
Hi Anil/Sivakumar Ganesan ,
very useful information. Appreciate your help.
with thnks and regard's
mukesh yadav
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0 #2 p.s.mukesh yadav 2007-10-02 07:44
Hi Anil/Sivakumar Ganesan,
siva,i have doubt,whether we can add withholding tax
while raising prepayment.
siva,plz provide few material for withholding tax
or any reference URL.
with thnks and regard's
mukesh yadav
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0 #3 kumar_apps 2008-01-03 07:59
Dear Siva Kumar
Excellent contribution regarding the pooled account, very much useful for the users looking for these kind of queries.

Regar ds
Kumar
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0 #4 phani 2008-02-29 03:24
Sir,
I am trying to learn Oracle Payables but my problem is I am not getting exact source like for example where to start for configure settings for oracle payables. And what are the prequisites for payable setups and where need to be configured such setups.

Kindly advise me
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0 #5 Lynnett Izer 2009-01-14 14:56
Based on your last paragraph regarding the AR use and 11.5.10 and R12, we use AR in conjunction with TM. As of right now the pooled ed account information is not allowed in TM at all. Is there changes in R12 that will allow us to use the same bank account for more that one party?
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0 #6 hannigan@valentiapartners.com, appstechnical.blogspot@gmail.com, suggest@apps2fusion.com, training@apps2fusion.com, jobs@apps2fusion.com 2009-02-02 17:07
Greetings,

Before I start, I must firstly apologize for this unsolicited proposal to you.I am aware that this is certainly an conventional approach to starting a relationship, but as time goes on you will realize the need for my action.

My name is Jean Luke, solicitor to Gerald Walsh who died with his family in an air crash on the 31st October 1999. Before the death of Gerald Walsh, he aintained a fixed deposit account (details of which I will disclose to you later).

Since his death, none of his relatives have come to make claims for this money as his next-of-kin and the financial institution cannot release the fund from his account unless someone applies for claims.

The financial institution has made several futile efforts to contact his relatives.Based on this discovery, I now seek your ermission to have you stand in as a next of kin to the deceased, as all documentations will be carefully worked out by me for the release of these funds all amounting to the tune of (US$7,400,000.0 0) to any nominated account of your choice.

I guarantee that this project will be executed under a legitimate arrangement that will protect you and me from any breach of the law.Upon receipt of your co-operating response I would want you to provide me with your contact telephone number so that i can call you for more vital informations, I will further update you on the next approach towards the achievement of this
golden heritage.
Regar ds
Jean Luke

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0 #7 krishna.roshan 2009-05-13 22:20
Dear Siva Kumar

In this document you have automatic offsets set to Account. However, i ahve aauotmatic offsets set to Balancing.. so how will the distributions line be created when i make a payment froma Bank account having pooled account setup as yes.
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0 #8 Suvashis Samaddar 2009-09-11 20:26
This is one of my favourite blog, Anil gr8 effort for this blog.
I would like to thank Sivakumar, his presentations are very detailed, professional, clear. Anybody can make out of his details, Siva - Again, lot of Thanks for your presentation and document,
Ranu, I was reading couple of your presentations,m ay be if you clean up your postings like the way Siva is presenting, this may be very helpful. I was reading your Advance Pricing postings, and the document, the examples are not very clear. Not sure if your flow is accurate too. May be you were in hurry, and hopefully we are yet to see your better document in future.
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