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For BPAY and EFT transactions, payment is generally confirmed before the order is released. For further information, see:
- Releasing Release EFT and BPAY Payments
Contra Accounts
For the purposes of journaling Cash Receipts, a Contra debtor account may be used instead of a General Ledger (GL) clearing account. Read more about this method here - Using a Contra Account for Online Payments instead of GL Account.
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