How to migrate unreconciled payments in Oracle Fusion?

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How to migrate unreconciled payments in Oracle Fusion?

Business Case: Legacy system has payments that were already created and paid, but they were not reconciled with the bank. After Oracle Fusion goes live, those historical unreconciled payments must be available in Fusion so that when the corresponding bank statement is imported, they can be reconciled.

Option 1 — Create the Legacy Payments as External Transactions

We can create them as External Cash Transactions in Cash Management. These transactions will be available as unreconciled cash transactions. When the bank statement is imported, we can reconcile the bank statement lines against these transactions. We can use FBDI Template(Cash Management External Transactions Import) to load External Transactions.

Option 2 — Create the Payments in Fusion after Go-Live

If the business wants these historical transactions to exist as Payables payments, we can create the corresponding AP payments in Fusion using a dummy bank account(not actual live bank account). These payments will then be available as AP system transactions for Cash Management reconciliation.

Comparing two options:



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