Financial

Branch Accounting

Branch Accounting

The practice of keeping separate bank accounts for each branch of a company even though the branches together with the home office form a single, legal entity. Because branches are responsible for earning money for the company as a whole, the home office may take funds from the branch accounts and put them in its own account. Likewise, it may credit funds to a branch if the branch is having cash flow problems.
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References in periodicals archive
THE Scottish Labour Party faces a pounds 36,000 bill to clean up its constituency branch accounting chaos.
IT'S JACK THE WAD
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