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Re: TRM Integration with Cusomer/Bank Clearing a/c

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Hi,

 

When we post incoming / outgoing flows with customer, then teh system creates an Accounts Receivable / Accounts Payable entry which gets reflected in the Balance Sheet. And then the payment / receipt is done by debiting / crediting the bank accounts, which can also be done through the automatic payment program.

 

On the other hand, when you post to a bank clearing account directly the bank inflow / outflow account gets hit immediately.

 

It is advisable to follow the first process as it cleary shows when the payment to the customer / vendor was actually done.

 

Warm regards,

Akhil Poddar


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