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 holding account is called a clearing account.

Check your accounts list for an account named ‘Electronic Clearing Account’. If it doesn’t exist, 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.