Remittance vs Remittance Stub

 Remittance — Transfer of funds, usually from a buyer to a distant seller, instrument of transfer (such as a check or draft), or funds so transferred.


 Check stub — A part of a check that is kept for record keeping purposes. For example, the stub is the part of a payroll check that includes information about the current paycheck as well as payments to date. The check stub can also be a carbon copy of a check that is made when the original check is written.

Bank Setups

Bank Account Information

Bank account owner is defined at Account level.

Payment Documents




Payment document Setup

To define payments documents:

1. Query the bank account.
2. Click the Manage Payment Documents button.
3. Click Create.
4. In the Name field, enter a name for the payment documents.
5. In the Paper Stock Type field, select Blank Stock for non-numbered check stock or Prenumbered Stock from the drop-down list.
6. If your check stock has an attached remittance stub, select the Attached Remittance Stub check box.
7. If your check stock has an attached remittance stub, specify the number of lines per remittance stub in the Number of Lines per Remittance Stub field.
8. In the Number of Setup Documents field, specify the number of checks you want to allow for testing check stock setup.
9. In the Format field, select a check format from the list of values.
10. In the Payment Document Category field, select the type of payment document from the list of values.
11. If your check stock is prenumbered, enter the first and last document numbers in the fields under the Document Numbers region.
12. If your organization uses a company checkbook, enter the appropriate information in the Checkbooks region.

Bank Account Model In Oracle R12

Bank Model

• Banks and Bank Branches are created as parties in Trading Community Architecture via the user interface in Oracle Cash Management.
• When you enable a bank account for use with Payables, you can associate the account with multiple payment documents. 
• When you set up your suppliers in Oracle iSupplier, you can also set up supplier bank accounts (external bank accounts).