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Former Member
Mar 21, 2011 at 11:30 PM

EBS and Account Clearing

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We have created a Posting rule which in set up as follows:

Posting Area 1

Dr Cash

Cr ACH In

Posting Area 2

Dr ACH In

Cr CC Clearing Account ( Posting Type clear Cr GL Account)

The idea is that we would already have posted amounts on the debit CC Clearing Account and when the EBS runs it should recognize the amounts on the Dr side already posted and clear the same while posting on the Cr Side.

The Posting Area 1 posts correctly, however even though the Dr side already has an equivalent amount posted on the CC Clearing Account, the EBS Posting Area 2 with Posting Type (Clear Cr GL Account) does not clear and posts an Account Posting with a payment advice.

For post processing if we go through FEBA and simply click on the payment advice item and hit save button it clears both debit and credit on the CC Clearing Account.

Any comments on why the system is not clearing the entries posted on Dr and entry posted by EBS on the Cr of CC Clearing Account is highly appreciated.