Automatic bank statement processing is used within the cash management process to reconcile bank account information that you receive from your bank against bank account information in the EnterpriseOne General Accounting system. This automated process saves you time as it creates accounts receivable and general ledger transactions when it reconciles your bank statement against your general ledger. Specifically, the automatic bank statement process creates:

• Entries for receipts, if an item has cleared your bank but has not yet been recorded in the system
• Journal entries for receipt and payment variances, taxes, bank fees, and transfers
• Offsetting journal entries for a bank account or an alternate offset account
• Journal entries for the drafts payable account

More information  here:  (only for registered users)
https://support.oracle.com/epmos/faces/DocContentDisplay?_afrLoop=450902169875416&id=2097234.2&_afrWindowMode=0&_adf.ctrl-state=ab0appeev_4