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i just recently put out a chapter six video um for my current quickbook class and and somebody had asked rtl i believe it asked me how do you reconcile clearing accounts so before i even talk about the reconciliation letamp;#39;s first talk about what is a clearing account a clearing account also known as a holding account a barter account or a washing account this count is a temporary account that holds money so itamp;#39;s an account that youamp;#39;re going to create in your chart of accounts solely to move money from one account to another this account should always have a balance of zero when youamp;#39;re done with it because once youamp;#39;re finished using that account youamp;#39;ll be taking a total of that account and transferring it to the appropriate cash account it could be used for accounts receivables like for funds that arenamp;#39;t going to hit your bank until later and that would be called an asset clearing account or accounts payable and that would be for fu
