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hey its patti scharf CPA and co-founder of catching clouds the leader in e-commerce accounting today were going to talk about clearing accounts 13 accounts are really important for e-commerce businesses and Im going to show you why in this video okay lets get started before I talk about clearing accounts I want to talk about one of the funkiest problems that I see when people are just starting out using Xero or QuickBooks Online and they are trying to get their systems to work with all the other e-commerce systems that are out there so Im going to show you an example of a problem and then explain how clearing accounts actually fix that problem so lets say you sell on Shopify and when youre setting up and you find you find a way to connect your Shopify account to zero and youre pulling in transaction by transaction and it asks you where does this money land and you say well that lands in my bank account so you set up this connection and it pulls in order by order and dumps that