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Accounts and Finance Miscellaneous in Accounts and Finance . 4 months ago
finance, a Zero Balance Account (ZBA) is a system of cash pooling (to consolidate the cash balances of several subsidiaries of a single company). This system is designed to leave in the current accounts of the subsidiaries the minimum amounts to be able to deal with their debts contracted.
The main advantage of this system is to centralize the cash to be able to put it to better interest rates.
This system may have the disadvantage of not allowing enough independence to financial subsidiaries.
Posted on 16 Sep 2024, this text provides information on Accounts and Finance related to Miscellaneous in Accounts and Finance. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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