# Clearing account

> Clearing account — An account that should net to zero once both sides of a flow have posted — payroll clearing, GR/IR, a payment processor clearing account; a residual balance is the exception.

Source: https://lopifi.com/glossary/clearing-account
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is clearing account?** In accounting, clearing account means an account that should net to zero once both sides of a flow have posted — payroll clearing, GR/IR, a payment processor clearing account; a residual balance is the exception.

## Words this system refuses for it

- suspense account (unknown destination, not a known flow)

- **Category:** Core ledger
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** exception, account, gr-ir