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CE(Cash management)_Where do we use the cash, Cash Clearing and reconciliation differences accounts?

in Payables, Payments & Cash Management 3 comments

Summary:

Hi All,

Thank you in advance for your help and support.

In the "General" tab when creating a Bank account, what is the purpose of filling the GL Accounts? I am aware that the cash account is used once there are payments to be settled. However, I am not aware of the other two (The cash clearing and reconciliation differences). I will really appreciate it if I can receive an example and an explanation of the purpose of filling these two accounts so I can try it from my side.


Thanks again for your help.

Best regards,

Paul

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