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Basic Accounting Knowledge: Financial Settlement Center

2011/1/8 13:21:00 63

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Financial settlement center

The financial settlement center is a specialized account for the cash receipts and payments of internal members or sub branches.

mechanism

。

It is usually set up in the financial department and is an independent functional organization.

Main work of financial settlement center

1, we should centrally manage the cash receipts of all units or sub subsidiaries, and unify the cash income.

2. Unified Appropriation (loan) of monetary funds needed by members or companies for business needs.

Monitor

Use of monetary funds

direction

。

3, unified external financing to ensure the capital needs of the entire enterprise or group.

4, handle the dealings between different branches.

5, the implementation of financial control.

These responsibilities of internal settlement centers play an important role in enhancing enterprise vitality, strengthening capital management, controlling financial revenue and expenditure, correctly handling the relationship between business management and fund management, and improving enterprise operation mechanism.

Operation mode of financial settlement center

The general operation mode of the financial settlement center:

1, high concentration, emphasis on management, single plot settlement center.

This settlement center is mainly formed by the subordinate relationship between subordinates and subordinates.

The basic operation mode is that all the capital accounts in the system are located in a bank, and the headquarters pfers funds to the subordinate units through the supervision of the settlement center. The flow of funds is from top to bottom, and the main function of the settlement center is to ensure that the funds of the superior units can be allocated to the subordinate units in a timely and accurate manner.

2. An internal bank settlement center.

This settlement center is mainly due to the branches and business units of some large enterprises, which are not solely legal persons, do not have the right to operate outside the country, they all open accounts within the settlement center, or their subordinate departments and branches are economic entities, but their relationship with their parent businesses is relatively high. The parent company requires them to open accounts at the settlement center.

Generally, the center makes self-made settlement documents and sets up settlement procedures. Because of its functions of settlement and credit, it is sometimes referred to as internal banks, which is a combination of management and financing.

3, simple settlement function, business department's settlement mode in settlement center.

This mode simply completes the settlement function, requiring all subordinate departments, including the clearing center and the parent company, and the parent company to open accounts within the settlement center.

The company opens a general account in the bank, which has only one account and the account name is all the business unit of the subordinate.

For banks, this is a special account made up of multiple account names, and the account name is all the business units of the subordinate. The relationship between banks and enterprises is that banks only carry out interest calculation and settlement for the total account of the enterprise, and the internal precipitation fund is operated uniformly by the settlement center.