Why a basic deposit account, not a zero balance account?

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 the company is opened, the first account is the basic account, and the basic account can only have one transferable cash deposit and withdrawal account (and it is the only account that can withdraw cash from all the bank accounts of the company); Multiple accounts can be opened, and can only be deposited with cash and transfer, not withdrawn.

Zero balance account, open account: zero balance account amount, choose one of several banks designated by the finance to open a zero balance account, such as using a zero balance account to pay the provident fund, is in the financial intranet - authorized payment - enter the amount of information, etc., fill in the provident fund form, send it to the zero balance account bank, entry: debit:

Business Expenditure - Basic Expenditure - Financial Subsidy Expenditure - Subsidies to Individuals and Families - Housing Provident Fund, Credit: Amount of Funds Used in Zero Balance Account.

Banking and financial order management needs.

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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 order, through the financial department zero balance account or budget unit zero balance account to the first merchant or payee account.

The basic deposit account is the main account for transfer settlement and cash receipt and payment, and the daily fund receipt and payment of business activities, as well as the withdrawal of salaries, bonuses and cash can be handled through this account.

Depositors can only open one basic deposit account with the bank. Opening a basic deposit account is a prerequisite for opening a settlement account with other banks. According to the Administrative Measures for RMB Bank Settlement Accounts, an entity can only choose one bank to apply for opening a basic deposit account.

No transfer between two zero-balance accounts is allowed.

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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 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.

1. The zero balance account is mainly for the relevant units of the ** department, while the basic account is for all units and enterprises.

2. Zero balance account refers to the account opened by the financial department in the commercial bank for the department and the budget unit, which is used for direct payment and payment and liquidation of the financial authorization. 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, as well as the withdrawal of salaries, bonuses and cash can be handled through this account. The zero balance account is mainly for the units related to the ** department, while the basic account is for all units and enterprises.

Extended Materials. What is the nature of a zero balance account?

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.

A Fiscal Zero Balance Account deposit is an account of the nature of which has a zero balance, and it is defined as follows:

The zero-balance account of the Ministry of Finance is used for direct financial payments and the settlement of expenditures with the Treasury Single Account; The zero-balance accounts of the budget units are used for the payment and liquidation of fiscal authorizations.

Clearing, in a general sense, refers to the fact that in some banking operations, after the bank advances the "position", the real payee and payer settle the payment with the bank. It is precisely the application of the concept of "liquidation" in the process of payment of financial funds that produces the phenomenon of zero balance of account funds, which is also one of the main differences in the payment methods of financial funds before and after the reform of the financial treasury management system.

The centralized and unified management of financial funds has been realized. Since the liquidation is carried out in accordance with the actual amount of payment, the financial funds deposited by each budget unit are concentrated in the single account of the state treasury and are managed by the financial departments in a unified manner, thus effectively reducing the phenomenon of misappropriation and misappropriation of financial funds by units in violation of regulations in the past.

It has provided conditions for the implementation of treasury cash management, which is conducive to further improving the efficiency of the use of fiscal funds. After the concentration of sporadic funds that were originally scattered in the accounts of various budget units, the scale will be larger, and the financial departments will be able to better carry out financial planning, maintain and increase their value, and make the financial funds produce greater returns.

It can effectively alleviate the contradiction and pressure of revenue and expenditure. The abundant treasury funds provide a better guarantee for the financial sector to dispatch funds, and provide a stronger financial guarantee for the development of the economy, major investment and emergency resolution. At the same time, the links in the allocation of funds have been reduced, the efficiency of the allocation of funds has been further improved, and the supervision and management of funds have become more convenient, fast and effective.