Payroll Clearing Account - How Do I clear this account?
- 12 months ago
Hi Newbie4846,
Thanks for posting in the forum.I understand the importance of clearing your electronic clearing account. In my understanding, you will still need to create an electronic payment from the "Prepare Electronic Payment" window to clear these transactions. The bank file created from this process could just be deleted as this will not affect any bank account if the bank file is not uploaded to the bank. Processing this would effectively move the values from the electronic clearing account to the bank account of choice in the ledger.
I suggest reading through the article, Making Electronic Payments with a Bank File. You can follow the steps outlined in this article and skip the "To Upload a bank file to your bank".
Let us know if you require any further assistance with this.
Thanks,
Genreve