Can the head office and branches be completely independent financially?

Internal independent accounting. Under this method, each branch establishes a complete accounting system to carry out accounting and prepare financial statements, and the head office merges them according to the financial statements prepared by the branches and other relevant materials, and merges the financial statements of the branches into a single statement of the head office. ?

Reimbursement system (the situation in the question belongs to). In this way, the branch does not set up an accounting system, and all accounting businesses are summarized by the branch and submitted to the head office for unified accounting. ?

Distinction and contact: independent accounting of branches requires general ledger system, statements, fixed assets, accounting subjects, etc. , and accounts receivable and payable can be considered not to do. The accounts of the head office must include accounts receivable, accounts payable, general ledger, statements and other systems. As long as the branches can adapt to the monthly audit of the head office, they can provide interoperability, such as report consolidation.

Branches and the head office must have uniform initial rules, such as account code and unit of measurement.