Zoey667
11 months agoContributing User
Electronic clearing account is not 0. after i did reconciliation
Hi team, Just a confusing question about electronic clearing account. I did reconciliation for my normal bank account. And then I found the balance of electronic clearing account is not 0. And th...
- 11 months ago
Hi Zoey667,
Thank you for your response.
The amount in the electronic clearing account may be due to transactions not yet reconciled. It doesn't necessarily mean you didn't prepare an electronic payment. When you prepare electronic payments, it should offset the electronic clearing account.
Regarding your second question, if you've set your bank accounts for electronic payments to be linked with the electronic clearing account, after a pay run, it should appear in the prepare electronic payment function. When you proceed with preparing electronic payments, it's expected to reconcile and clear the electronic clearing account to 0.
If you have any more questions or need further assistance, feel free to reach out.
Cheers,
Princess