Difference between Posting Type 4 and 7 in EBS

Hi,
A basic question in EBS. While configuring EBS Posting Rule I find the Posting Type 4 and 7. I want to know what is the difference between them.
My Senerio is that I want to upload the EBS for Outgoing Payment and also want to Clear the GL account. The Process is first the Invoice is raised to the Vendor and then F110 is used to pay the vendor and then EBS is run to clear the Bank Clearing Account and update the Main Bank Balance.
Regards,
Nikhil

Hi,
Thanks for your reply. I need one clarification on your point "the system determined the posting key for clearing from the clearing configuration."
Our initial entry in the current situation is as follows:
Expenses A/c .... Dr.
   Vendor A/c .....Cr.
Through F110 we make the payment to vendor and vendor open line item gets cleared.
Vendor A/c ...... Dr
   Bank Outgoing Clearing A/c..... Cr
When uploading Bank Statement the following entry is passed:
Bank Outgoing Clearing A/c ... Dr
   Main an A/c ...... Cr
Since the bank clearing account remains open  and does not get cleared in the above entries, can it be cleared through automatic Bank reconciliation?
If yes then what will be the EBS configuration for the same. Or we need to clear the Bank Clearing open items by F.13 T_Code.
Thanks and regards

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