Cash Concentration (Example)
The carryforwards for cash concentration are as follows:
Account submitting |
Account receiving |
Transfer amount |
|---|---|---|
1101 |
1107 |
1000.00 |
1100 |
1101 |
1000.00 |
After cash concentration, these accounts show the following balances:
Account |
Balance |
|---|---|
1100 |
-500.00 |
1101 |
2,000.00 (= minimum balance) |
1107 |
2,000.00 (= minimum balance) |
1106 |
1,002.00 (> minimum balance due to minimum transfer amount) |