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Former Member
Oct 25, 2008 at 03:59 AM

Electronic Bank Statement and ZBA Accounts

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Hello All - My customer uses a ZBA Account for checks and ACH payments to vendors. The concentration account funds this account on a nightly basis.

When the Bank reconciliation file comes in from the bank, what are the accounting entries that the program should make?

I know we can't just debit ZBA and credit concetration because the process has to move through the clearing accounts.

Can some please let me know what is the best solution here and how to properly clear the clearing accounts? do the clearing accounts need to be cleared manually?

Thank you!

Natalie