What is a Zero Balance Account? What is a Basic Account?

The zero balance account refers to the account opened by the financial department or the financial department for the budget unit in the commercial bank for the payment and settlement of budget funds, and its day-end balance is settled with the single account of the treasury established in the ** bank.

The basic account refers to the bank settlement account opened by the depositor for the needs of daily transfer settlement and cash receipt and payment, which is the depositor's main account, through which the depositor's daily business activities shall receive and pay funds and withdraw wages, bonuses and other cash. If the depositor is a unit, only one basic deposit account can be opened according to the regulations.

Zero balance account refers to the financial department and budget unit in the direct payment and authorized payment business, first by the first bank according to the payment (i.e., the appropriation voucher, the same below), through the financial department zero balance account or budget unit zero balance account to the first merchant or payee account. The funds paid shall be cleared by the ** bank and the People's Bank of China through the single account of the treasury within the specified time each day, and all the funds paid on the day will be transferred from the treasury of the People's Bank of China to the above accounts.

When a company is opened, the first account is the basic account, and the basic account can only have one transferable cash deposit and withdrawal; Multiple accounts can be opened, and can only be deposited with cash and transfer, not withdrawn

The zero balance account refers to the account opened by the financial department or the financial department for the budget unit in the commercial bank for the payment and liquidation of budget funds, and its end-of-day balance is settled with the single account of the treasury set up in the ** bank.

The basic account refers to the bank settlement account opened by the depositor for the needs of daily transfer settlement and cash receipt and payment, which is the depositor's main account, through which the depositor's daily business activities shall receive and pay funds and withdraw wages, bonuses and other cash. If the depositor is a unit, only one basic deposit account can be opened according to the regulations.

The zero-balance account mainly refers to the accounts opened by the financial departments to their own departments and budget units in commercial banks, which are mainly used for direct financial payments and financial authorized payment and liquidation.

The zero-balance account of the financial department is mainly used for direct financial payments. All payments made in this account on a daily basis need to be cleared with the Treasury Single Account before the end of the day's business. If the amount of a single payment in business is more than 50 million yuan (including 50 million), it needs to be liquidated together with the single account of the treasury in a timely manner.

If the zero-balance account of a budget unit is used in the accounting of administrative units and public institutions, it is mainly used for expenditures authorized by the government. After the completion of business on the day, the payment in this account on that day needs to be cleared together by the ** bank and the single account of the treasury within the amount approved by the Ministry of Finance.

The difference between a basic account and a zero balance.

Generally, the newly established unit zero balance account is the basic account, and the old unit is restructured and the new zero balance account is added, and the basic account may not be a zero balance account, which is a historical problem, but regardless of whether the zero balance account is a basic account or not, you can apply for cash withdrawal.

1. Zero balance account refers to the account opened by the financial department in commercial banks for its own department and budget unit, which is used for direct payment and financial authorization payment and liquidation.

2. The basic deposit account is the host account for transfer settlement and cash receipt and payment, and the daily fund receipt and payment of business activities and the withdrawal of wages, bonuses and cash can be handled through this account.

The difference between a basic account and a zero balance.

Extended Materials. The nature of the zero-balance account determines that it plays an important role in the treasury single account system and financial payment management, and is a bridge to realize fiscal centralized payment.

First of all, the zero balance account is the link between the single account of the treasury and the account of the goods or services, and the payment of the goods or services by the treasury single account. The essence of financial payment is that the budget funds are transferred from the single account of the treasury to the account of the commodity or labor service merchant, in the zero balance account mode, the transfer of funds is realized through the payment and liquidation activities of the zero balance account, the budget expenditure is first paid from the zero balance account to the commodity or labor service business account, and then the single account of the treasury is paid and cleared to the zero balance account, and the entire payment process is completed.

Second, and more importantly, the zero-balance account is a necessary technical means to achieve control over the final payment of budget funds, and is an important institutional arrangement for China's treasury single account system to ensure that budget funds flow out of the treasury single account only when they are actually disbursed.

The zero-balance characteristic of the zero-balance account enables all budget funds to be centrally controlled in a single account of the treasury, thus overcoming the traditional large number of budget funds stranded in the budget units due to scattered and duplicate account settings and a series of drawbacks caused by this. In this sense, the effective management of zero-balance accounts is key to achieving the objectives of the reform.

1.The account is opened by different parties: the zero balance account generally refers to the account opened by the financial department in the bank to meet the needs of the department and the unit, while the basic deposit account is the account opened by the financial staff of the unit at the bank by themselves;

2.The purpose of the account is different: the zero balance account is mainly used for financial payment and financial liquidation, while the basic deposit account can handle many of the company's business;

3.The scope of the account is different.

Introduction: The difference between a zero balance account and a basic account is commonly said:

The zero balance account can be regarded as an account directly allocated by the state finance, and its main feature is that it must be emptied at the end of each year. However, it should also be noted that due to the nature of the financial appropriations, the management and use of the funds in this account are also relatively strict, and they must be carried out in strict accordance with the budget at the beginning of the year.

The basic account can be regarded as the unit's own account, and other income other than the state-allocated funds can be placed into this account. Funds do not have to be cleared every year.

The difference between a zero balance account and a basic account is mainly reflected in the following points:

1. The opening entities of the zero balance account and the basic account are different.

Zero balance account refers to: the financial department or the financial department for the budget unit to open an account in a commercial bank for the payment and settlement of budget funds, the balance of which is settled with the single account of the treasury set up in the first bank.

To put it simply, it is the accounts that the Treasury Department opens in commercial banks for itself or for its budget department.

What is the difference between a zero balance account and a basic account?

The basic deposit account is opened by the unit. As long as there are legal procedures for the establishment of units (government agencies, organizations, enterprises, institutions, etc.), as long as business activities occur, you can open a basic deposit account.

2. The purpose of the zero balance account is not the same as that of the basic account.

The zero balance account is when the state finance pays the money to the payee of the commercial enterprise or the procurement project, etc., it does not directly deliver the funds to the payee, but sets up an intermediate transitional account for fund clearing.

The basic deposit account is the main account of a unit (which can be an enterprise, institution or other unit) for transfer settlement and cash receipt and payment, and the daily business activities of this unit can be handled through the basic account.

3. The control of the account and its balance is not the same between the zero balance account and the basic account.

The financial zero balance account is specially used by the finance department for fund clearing, and only this one purpose can be seen from the name, there can be no balance, and it must be cleared before the end of the day every night, and not a penny can be kept.

However, there is no such mandatory requirement for basic deposit accounts, and it is up to enterprises and institutions to decide how much money to keep in the account balance according to their own operating conditions, and the unit that opens the basic account can grasp it on its own.

Is a zero balance account a basic account? Not necessarily, it can be yes or no, generally the newly established unit zero balance account is the basic account, the old unit restructuring new zero balance account, maybe the basic account is not a zero balance account, it is a historical problem, but regardless of whether the zero balance account is a basic account or not, you can apply for cash withdrawal.

Zero Balance Account: An account used for direct payments and payments and clearing with fiscal authorization.

The financial zero balance account cannot handle the collection of ** fees, cannot directly remit money online, and cannot directly open wages in online banking.

You can handle the collection of ** fees in the basic account, and then transfer the money from the financial zero balance account.

It's an account without a penny.