Types of Bank accounts maintained by Corporates

Banks Overview
Corporates / Organizations deals with banks to maintain their funds, cash, loans, and other investment related activities through maintaining bank accounts @ multiple banks/branches.

This will help corporates to understand their cash position and forecast organization ability to liquidity and solvency ratio to maintain healthy financial standards.

Bank - is an entity that acts behalf of corporates to handle and deal with money related activities. Remittances/Clearances/ Fund disbursements / pay dividends / other investments

Branches - An organization can maintain multiple accounts in single branch or multiple branches across bank operating units

Accounts - typically holds summary information of cash position / liabilities held on short/long term loan accounts in functional currencies

Below are few types of bank accounts organization maintains to understand cash positioning and forecasting purpose. Each corporation will have different requirements and hence bank accounts are not limited to the below,

Types of Bank Accounts
1. Current account
2. Overdraft account
3. Dividend account
4. Margin account
5. Short term loan accounts
6. long term loan account
7. Master card / Visa card accounts
8. E-com accounts

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