How to Setup a Clearing Account

Modified on Wed, Feb 28 at 9:34 PM

In order to properly export from Spend Management, you will need to setup a new clearing account. The reason why we need you to create a clearing account per company is so that the exports from Ottimate will work without any issues with your accounting software and it creates more transparency for every transaction exported.

This change should result in the following transaction flow.

Legend

Travel Expense: The specific transaction

Harry's Card: The credit card GL account

PIQ Clearing: The new clearing account

1. Create a PIQ Clearing in your accounting software (GL account name and number, clearing account type)

2. Let the PIQ Team know of the details of this new clearing account, they will program it into our system.