Concentrate your funds into a single account and benefit from the flexibility of multiple disbursement accounts with Zero Balance Accounting.
Many companies require multiple disbursement accounts for accounting purposes and audit control. The ZBA automated service provides you with an efficient means of cash flow between multiple disbursement and collection accounts.
Funds are maintained in a master concentration account. The disbursing, or subsidiary, accounts begin each day with a zero balance. As checks are presented for payment, a debit balance builds in each subsidiary account. At the close of each business day, an offsetting credit is automatically generated to move funds from the master concentration account into the subsidiary accounts, bringing them back to a zero balance. Each Zero Balance Account and master account receives a detailed monthly statement identifying all daily transfer and disbursement activity.