Bank Charges in Cash Management not born by supplier.

Dear Forum Memebers,
When We make payment to Supplier from AP, following Journal is passed.
Liability account Dr. $1000
Cassh Clearing A/c Cr. $1000.
Bank charges are say $5, which is born internally and not by Supplier. So the JV should be as under:
Cash Clearing A/c Dr. $1000
Bank Charges A/c Dr. $5
Cash Account Cr. $1000
Liability A/c Cr. $5.
But this is not happening in the Cash Management Module. At the time of payment we are not sure what will be the bank charges, this is known only at the time of clearance. As supplier is paid less, his account should get increase to the extent of bank charges, our liability is not disbursed. Bank charges is our expense so the same should be debited as expense. As the total amount reduced from bank is full $1000, same should be removed from Cash Clearing account.

What is happening after the payment reconcilation or clearing happens in Cash Management? Are you seeing the debit to the Cash Clearing Account and credit to the Cash Account okay? The other entry should be -
Debit Bank Charges Account.
Credit Cash Account.
The bank charges are NOT going to be a liability. They have been taken out of the account balance already. So you want to credit cash.
Maybe you are just looking in the wrong accounts to find the bank charges?
It is possible that you may have run across an Oracle programming error? This is something that you may wish to log a service request with Oracle support about. You can at least send them extracts of your data to look at. Which can make a big difference in troubleshooting. We in this forum are blind when it comes to your data, so we have to make guesses on what might be happening.
Just to double check, what value is set for the "Account For Payment" option in the Payment Accounting Payables Options? You should be using both options (when payment issued and when payment clears).
John Dickey

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