What Are Subsidiary Accounts?

The group account mainly refers to the settlement account established by the group head office. The head office of the Group through the collection and disbursement of funds in the group account, the flexible adjustment of funds between its subsidiaries, to achieve the purpose of strengthening the centralized management of funds and improve the efficiency of the use of funds.

Group account

Right!

The group account mainly refers to the settlement account established by the group head office. The head office of the Group through the collection and disbursement of funds in the group account, the flexible adjustment of funds between its subsidiaries, to achieve the purpose of strengthening the centralized management of funds and improve the efficiency of the use of funds.

Chinese name

Group account

Types of

Settlement Account

Object

Group Head Office

Classification

Modern words

Relationship between group accounts and secondary accounts

The group account is a primary account, and the subsidiary branch is a secondary account. The first-level account is the general ledger of the second-level account. It plays a controlling role in the second-level account. As the detailed account of the first-level account, the second-level account can receive and pay independently. The receipt and payment of funds in all secondary accounts will be reflected in the primary account at the same time, so as to achieve the purpose of centralizing funds and controlling individual households.

A group account includes a group general account and a group sub-account. There can be only one general account in a group account, but there can be multiple group sub-accounts. The master account and sub-accounts can be opened in the same region or in different regions. In actual application, the group customer headquarters account can be used as the group general account, and the member unit account is used as the group sub-account;

The group general account is a real fund account, which collects funds from all accounts in the group account. The group accounts are handled in the same way as ordinary accounts, and sub-accounts are not linked when funds are received and paid;

The group sub-account is a virtual balance account, and the funds are actually deposited in the general account. The actual funds available in this account are subject to both the available balance and the total available balance in the account. When the sub-account fund receipt and payment business occurs, it is reflected in the general account in addition to the current account;

Group sub-accounts can be defined as real-time zero-balance accounts. Except that real-time zero-balance accounts show zero real-time balances, other functions are the same as non-real-time zero-balance group sub-accounts;

The group head office and its subsidiaries are treated as independent

For each settlement receipt and payment transaction that occurs in the secondary deposit account of a group subsidiary, it must be reflected in the group primary deposit account of its parent company in a timely manner, that is, the group secondary account is carried forward to the primary account. The process is usually done automatically by a computer system. Through computer-specific processing, after the carry-over, the subsidiary can still check the carried-over portion of its account in order to control its fund position.

Inquiry and download of account balance and details, transfer, transfer, and internal transfer between group accounts and use of group account for transfer and payment. In addition, the group account transfer function has been added.