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When you record a transaction you want to pay electronically, the transaction is posted to a temporary holding account until you create the electronic payment file. This type of holding account is called a clearing account or a suspense account.

Check your accounts list for an account named ‘Electronic Clearing Account’ (Accounts command centre > Accounts List).

Here's the a sample of what an electronic clearing account looks like (from AccountRight's sample company file, Clearwater):

If this account doesn’t exist in your company file, you need to create it (see Set up accounts) and then make this account the linked (default) account for electronic payments.

When you're done, continue with 3. Record the bank details of suppliers.

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