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clearing account

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clearing account

A clearing account is a temporary account used to hold funds or transactions until they are properly classified or transferred to their final destination. It helps ensure accuracy in accounting by temporarily holding transactions that need further review or adjustment. Learn how clearing accounts can streamline your financial processes and improve accuracy in your bookkeeping
By: OBG Outsourcing
05-Mar-2025 06:42 pm
Business & Services
User Website : https://obgoutsourcing.com/blog/what-is-a-clearing-account-in-quickbooks-a-complete-guide-for-bookkeepers-accountants

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