Clerk Accounts Payable Question:

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Explain Clearing Payment Method?

Accounts Payable Clerk Interview Question
Accounts Payable Clerk Interview Question

Answer:

Clearing Payment for invoices transferred from another entity within the company without creating a payment document.Payment method you use to account for intercompany expenses when you do not actually disburse funds through banks. You do not generate a payment document with the Clearing payment method. When you enter the invoice, you enter Clearing for the payment method.You can record a Clearing payment using a Manual type payment only.

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