Why does a bank account create a new customer/supplier?

Hi,

Thanks for contacting Clear Books support.

Whenever a new bank account has been created via the Money > Bank accounts menu and the Bank group is set to New bank, the system will generate a new entity with a Customer and Supplier status. This entity will be used if ever there is a transfer transaction between two different bank accounts on Clear Books i.e. when viewing the bank statement for each bank account, the transfer will display the appropriate bank name in the entity.

You can also add an address to the invoice address of the bank entity so that this appears on invoices in the payment advice slip.

All the best,

Vanish