About Owner Funds & Clearing Accounts

Clearing accounts

Fund ownership of a bank account causes the bank account to become a clearing account. The main advantages of using clearing accounts are:

Fund ownership

Fund ownership is setup in the Bank Account Detail window while adding bank accounts to a bank.

Defining Due To/Due From transactions

Due To and Due From transactions may be made more or less specific depending on the Use Specific Due To/Due From parameter in System Configuration.

 

Return to Add a Bank Account to a Bank

Return to Bank Management Overview