Zero Balancing Electronic Clearing Accounts
Afternoon Experienced Users Our accountant has asked me to bring the Electronic Payment clearing account back to zero and I need to know the best way to go about it. This entry was processed in Dece...
Forum Discussion
Hi q_man_snowflake,
Good question. If this balance is coming through from December 2025 and that financial year has already been closed, the usual way to bring the Electronic Clearing account back to zero is to have your accountant post a journal dated 01/07 in the current financial year to clear the brought-forward balance.
We’d still recommend checking with your accountant on the best way to do this.
Regards,
Earl
Morning Earl
Appreciate your reply. Was going to do that, but didn't want to feel stupid as I've not come across this before.
Thanks for your help. Will see what he suggests.
