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How to clear a clearing account balance

Received Response
edited Jan 14, 2021 5:58PM in Payables, Payments & Cash Management 2 comments



We are configured to use two GL accounts for Cash Management, a cash and a cash clearing account. For one of our bank accounts we need to clear a balance in the cash clearing account and we're looking for options as to how.  This account has a Reconciliation Start Date and booked journals to the control accounts to revalue our cash and clearing balances so we had correct balances at the RSD. We have since discovered the accountant incorrectly created an external transaction to reconcile a bank payment  before the RSD not realizing an AP payment already existed. To show

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