Create a Bank Statement Transaction Creation Rule in Oracle Fusion Applications

This article will show you how to create a Bank Statement Transaction Creation in Oracle Fusion Applications. Go to the following navigation:

Screen	Functional Setup Manager
Offering	Financials
Functional Area	Cash Management and Banking
Task	Bank Statement Transaction Creation Rules

In the "Manage Bank Statement Transaction Creation Rules" page, you can either create a new Transaction Creation Rule or view an existing Transaction Creation Rule:

One example are Bank fees. Bank Fees are external transactions that are not going to be recorded in your ERP applications, but that you need to record once you receive the bank statement.

Transaction Creation Rule is connected to a legal entity and a business unit you need to specify the criteria to identify the bank statement line such as transaction codes and transaction types, which is 698 and Fee in the sample above. Once the program finds that transaction, then it will create an external transaction with the provided accounting information because you need to create accounting distributions and ultimately a journal that you send to GL.

Below is a step-by-step demonstration of Creating a Bank Statement Transaction Creation Rule in Oracle Fusion Applications:

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