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With Oracle Cash Management, you can reconcile payments created in Payables to your bank statements. When you reconcile payments using Oracle Cash Management, Cash Management updates the status of payments. Select the new status.

  1. A. issued

  2. B. updated

  3. C. negotiable

  4. D. reconciled
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

When payments are reconciled in Oracle Cash Management, their status updates to 'reconciled' to indicate they've matched with bank statement lines. This status change prevents duplicate reconciliation and provides audit trail visibility. The workflow ensures payment records reflect their true bank-cleared state for accurate financial reporting.

AI explanation

When Cash Management reconciles a payment against a bank statement line, it updates the payment's status to 'Reconciled,' marking that the payment has been confirmed as cleared through the bank. Statuses like issued or negotiable represent earlier stages in the payment lifecycle before bank reconciliation occurs, not the result of the reconciliation process itself.

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