Account Clearing

[Former Member]

Hi,

What is posting with clearing and Account clearing, Differences between two

Thanks,

[Former Member · Accepted solution]

Dear,

1. Clearing

You will clear the documents which are already posted but not cleared. Here you will do only clearing...

2. Post with clearing...

In earlier transaction documents were already posted but not cleared so you cleared them. But here no documents have been posted so you will post the document and by clicking on process open item tab you will clear that posted item at that time only so this is basically a two fold transaction.

Regards,

Chintan Joshi.

[Former Member]

Dear,

Clearing is done for open items, in which you will be clearing the debit or credit with another debit or credit posting. But in case of posting with clearing, it will clear the ope item and posts one more debit or credit item.

This scenario you can see in the bank reconciliation, where if will clear the payment or receivable items by posting a enter in main bank account.

[iklovski]

Hi,

Posting with clearing is an operation where you post a countrepart document to the one which already exists and in the same time make the clearing between the two.

Account clearing is the standard accounting operation which clears the open items of the outstanding balnce of an account. This procedure is a part of regular accounting process and performed periodically.

Regards,

Eli