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Oracle Financials: Purchasing and Cash Management
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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.
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A
D. reconciled
💡 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.