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When your bank disburses the funds from your account to your supplier's account on the maturity date, your bank clears the payment. You receive periodic bank reconciliation information which you can then use to reconcile the payments using Oracle Cash Management. You can alternatively use the Automatic Clearing for Future Dated Payments Utility to clear future dated payments. After you clear a future dated payment, Payables creates a second set of accounting entries that debit your Cash Clearing Account and credit your Asset Account. Payables uses the cleared date as the accounting date for these entries. If the cleared date is in a closed period, Payables automatically changes it to the first date of the next open period. Payables then uses this date as the accounting date for the cash clearing accounting entries.