Advanced setup > Set up electronic payments > Task 2: Set up a clearing account
Task 2: Set up a clearing account
When you record a transaction you want to pay electronically, you need to post the transaction to a temporary holding account, which is cleared after you create an electronic payment file. This holding account is called a clearing account.
Check your accounts list for an account named ‘Electronic Clearing Account’. If it doesn’t exist, you need to create it.
caution : Do not use a normal bank account
A clearing account must be an account with a Bank or Credit Card type, but it should not be a normal bank account. For information on creating an account, see Setting up accounts.
Before you can post transactions to an electronic clearing account, you need to make this account the linked (default) account for electronic payments.
|
1
|
Go to the Setup menu, choose Linked Accounts and then Accounts & Banking Accounts. The Accounts & Banking Linked Accounts window appears.
|
|
2
|
|
3
|
Click OK.
|
