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Cash Clearing Account

Posted: Tue Jun 17, 2008 10:12 am
by h3am
Hi all,
Can any one tell me what is the recommendation to setup separate cash clearing account for each bank account.
what is the benefit from that and what are the disadvantage?

Regards,
Thanks

Posted: Wed Jun 18, 2008 12:44 am
by k.khan
usually it is a one account as its nature is clearing but if you have the requirement to know the amount of clearence from each bank then seperate account is recomended hope that i have answer ur question