Zero Balance

Improve Cash Control With Consolidation Of Funds

If your company maintains several operating accounts, a California Bank & Trust (CB&T) Zero Balance Accounting (ZBA) program is a simple way to obtain centralized control and maximize the use of your funds. Zero Balance Accounting reduces the time and effort required to manage your depository and disbursement accounts by consolidating your funds into a single concentration account, then automatically funding your operating accounts on an as-needed basis. With CB&T's Zero Balance Accounting:

• Deposits made to your collection accounts are automatically transferred at the end of each business day into a single concentration account to maintain a zero or other target balance in each account.

• When checks against your individual disbursement accounts are presented for payment, funds are automatically transferred from your concentration account as needed to cover each check.

• Daily account activity and monthly statements are detailed by account and available online through CalBank Network, CB&T's Internet cash management service.

Advantages of CB&T's Zero Balance Accounting:

Centralized control of cash, with available funds flowing immediately into your concentration account and remaining there until needed.

Improved accounting control as funds for each company function are channeled into separate accounts, each with its own monthly statement for accurate record keeping.

Reduced workload with fewer accounts to fund and manage.