What is a clearing account?
A clearing account is used to hold transactions temporarily while money moves between the ecommerce platform, payment gateway and bank account.
Why ecommerce needs them
Stripe, PayPal and other gateways can settle in batches and deduct fees. If WooCommerce orders are posted directly against the bank account, reconciliation can become messy.
How ClearCommerce uses clearing mappings
Payment methods map to Xero clearing accounts so each gateway can be reconciled in a controlled way. BACS and account-term orders can use different treatment from card orders.
Where fees fit
Payment fees need their own mapping option so gateway deductions can be reviewed and posted correctly rather than hidden inside sales totals.