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Intercompany Billing

Hello All,
I need help on Intercompany Billing.

Current AS IS Process:-

Step1: Billing Doc CC 1000
Dr. Customer XYZ (Vendor ABC[Trading Partner-2000] is mentioned in customer master data)
Cr. InterCo Sales

Step2: Good Receipt - MIGO CC 2000
Dr. Finished Good on hand
Cr. InterCo GR / IR

Step3: Inv Reciept - MIRO CC 2000
Dr. InterCo GR / IR
Cr. Vendor TEST (Customer test001[Trading Partner-1000] is mentioned in vendor master data)

I have seen (Step1 Customer XYZ) & (Step3 Vendor TEST) has been cleared manually by end users.
Step1 Customer XYZ Clearing: Dr. Vendor ABD & Cr. Customer XYZ
Step3 Vendor TEST Clearing: Dr. Vendor TEST & Cr. Customer TEST002

My Questions:
1. How the bank process in involved here, since in step1 in billing flow revenue is genereated (InterCo Sales)
2. I dont see any clearing GLs for Vendors also...may be since this is InterCo scneario hence it would be different

Can some one help me on my Questions.

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