Group account
The group account is an accounting account on which the balances of the (subsidiary) companies belonging to the group are aggregated in order to have an overview of the free funds of the entire group and thereby manage cash flows more effectively.
The group account allows:
- seeing an overview of free funds for each company and currency belonging to the group
- including an overdraft limit that the group's subsidiaries can use through the limits set by the parent company
- getting an overview of accrued and paid interest