Electronic Clearing Account
Hi Can you help me, I have a couple of "bank accounts" set up in the bank feed. I have a purchase I made to someone and its showing me when I go into History that it was made out of the electron...
Forum Discussion
Hi translite
Thank you for your post. The electronic clearing account is used as a midway point when using the Prepare Electronic Payments Feature. It can create an electronic file containing payment details which you can upload to your bank for processing.
If you would like to use this feature you can set it up. See our Help Article for steps on how to do that: Setting up electronic payments for bank files.
If you would like to not use it then make sure to not tick the Electronic Payment box when recording the transaction. As for fixing the payments that were previously recorded with that option ticked - You would be looking at deleting and re-entering the payments or recording a Journal Entry (but I recommend that you check with your Financial Advisor about the best option in your specific situation).
Hope that helps.
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