Go Live with Clearing Accounts and open AR / AP

go_live_clearing_cleanup

Bank Balances Clearing: (debit balance if positive, credit balance if negative)
Statement Balance - credit BB clearing, debit the outstanding receipts account
OR
Statement Balance - debit BB clearing, credit the outstanding payments account

There will be debits left in the BB clearing, based on uncleared Customer deposits
credit BB clearing, debit the outstanding receipts account

There will be credits left in the BB clearing, based on uncleared Vendor payments
debit BB clearing, credit to outstanding payments

BB clearing should now be empty

Customer Invoices:
AR Clearing - Debit balance based on Invoices
AR - Debit balance based on Invoices, counterpart is the AR Clearing account, which will credit the debit created by the TB import

AR clearing should now be empty

Vendor Bills:
AP Clearing - Credit balance based on Bills
AP - Credit balance based on Bills, counterpart is the AP Clearing account, which will debit the credit created by the TB import

AP clearing should now be empty