Master account and Payables: Difference between pages

Latest revision as of 12:43, 20 March 2021

Financial reporting - balance sheet - liabilities.

Amounts which are due to be paid by a reporting entity.

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-A bank account used in cash concentration to fund zero balance accounts automatically.
+''Financial reporting - balance sheet - liabilities.''
-More specifically an account in a cash pooling structure used to fund zero/target/threshold balance accounts automatically or concentrate funds from participating accounts automatically.
+Amounts which are due to be paid by a reporting entity.
-The master account may be interest-bearing.
-The process used by market participants before settlement of a transaction to ensure that they agree with respect to the terms of the transaction.
+== See also ==
+* [[AP]]
+* [[Balance sheet]]
+* [[Creditors]]
+* [[Liabilities]]
+* [[Payables finance]]
+* [[Receivables]]
+* [[Trade payables]]
-This is usually done by matching transaction confirmations sent to a counterparty with those received from that counterparty.
+[[Category:Accounting,_tax_and_regulation]]
-''Also known as central account or concentration account.''
-== See also ==
-* [[Cash concentration]]
-* [[Cash pool]]
-* [[Zero balance account]]