When you record a transaction you want to pay electronically, you need to post the transaction to a temporary holding account until you create the electronic payment file. This holding account is called a clearing account.

Check your accounts list for an account named ‘Electronic Clearing Account’. If it doesn’t exist, you need to create it. Note that the clearing account must be a banking account, that is, an account with a Bank or Credit Card account type. For information on creating an account, see Set up accounts.

Before you can post transactions to the electronic clearing account, you need to make this account the linked (default) account for electronic payments.