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Former Member
Aug 03, 2015 at 06:08 AM

Bank subaccounts


Dear Sir,

Can anyone explain to me the below mentioned paragraph with an example?

Depending on the user's requirement the bank sub account can either be a cash account or a clearing account. If you use a clearing account in conjunction with the cashed checks program, this clearing program debits the sub account and credits the cash account once the check clears the bank.