Cleared means paid with money from your checking account.
When you fill out a check with the name of the payee, the amount and sign it, the bank will honor the check. They take money from your bank account and give it to the payee you designated. We then say the check has cleared.
Sign Up to Learn More!
Join our mailing list today to get notified of new discount offers, course updates, Roger CPA Review news, and more!