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Former Member
Jul 24, 2017 at 09:36 AM

Purpose of Bank Clearing Account During Out Going Payment to Vendor?


Hello Experts,

I am a Non Commerce graduate. I need to understand during the Outgoing payment to (F110) the below entry was generated.

Vendor Account Dr XXXX
Bank clearing Account Cr XXXX

As per the configuration I am aware how this Bank clearing account will be extracted by the system in FBZP. But I need to understand from the accounting perspective why this clearing account is coming into the picture instead of Main bank GL account Credit?

Detailed explanation will be very helpful for me.