In manual clearing, Bank statement details are to be matched manually considering certain rules. Learn the steps involved in manual clearing of bank transactions.
Manual Clearing
This method requires you to manually match bank statement details with system transactions.
The method is ideally suited to reconciling bank accounts that have a small volume of monthly transactions.
You need to also use the manual reconciliation method to reconcile any bank statement details that could not be reconciled automatically.
Steps in Manual Clearing
Introduction to Cash Clearing Process
Unravel the mystery behind clearing accounts. Learn why clearing accounts are used in finance and accounting. Learn why so many clearing accounts are defined in ERPs and Automated Accounting Systems.
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Complete Bank Reconciliation Process
Bank Reconciliation Process is a eight step process starting from uploading the Bank Statement to finally posting the entries in General Ledger. Learn the Eight Steps in Detail!
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