The following article will discuss the motivation for reconciling the Cash Clearing account.
Cash Clearing Overview
For an overview of closing out and End of Day (EOD) then review the link below.
Counting up your Cash at the end of the day, an overview of the process
The link below has a video demonstration on how to use the Journal Entry to book the money taken in for the day from the cash clearing account to the bank account.
Making the Deposit Entry at the end of the day
Did the deposit entry bring me to a $0 balance in Cash Clearing?
Accounting for the float amount
Procedure when Cash Clearing has never balanced
Click here for a great article on cash clearing reconciliation with an FAQ style to it