Branches can conduct independent accounting for their finances, keep separate accounts for all income and expenses, and submit separate local tax returns. Branch independent accounting, must open a basic deposit account. The characteristics of independent accounting are: there is an independent organizational form in management; Have certain funds and open an account in a local bank; Carry out business activities independently; Can conclude economic contracts with other units; Calculate profit and loss independently; Set up a separate accounting institution with accounting personnel; It also has a complete accounting work organization system, which is convenient for branches to operate independently. Opening a bank account is one of the conditions for independent accounting. The information needed to open an account includes: 1, the original and photocopy of the business license; 2. Original and photocopy of organization code certificate; 3. Original and photocopy of national tax certificate and local tax certificate; 4. Original and photocopy of legal person ID card. If it is not a legal person, it also needs a copy of the agent's ID card and a power of attorney from the legal person. 5. Official seal of the company and bank seal (special seal for finance and private seal for legal person).
Legal objectivity:
Article 11 of the Measures for the Administration of RMB Bank Settlement Accounts basic deposit account is a bank settlement account that depositors need to open for daily transfer settlement and cash receipt and payment. Article 17 A depositor applying to open a basic deposit account shall submit the following documents to the bank: (1) An enterprise as a legal person shall submit the original business license of the enterprise as a legal person. (2) For an unincorporated enterprise, the original business license of the enterprise shall be issued. (five) social organizations, social organizations should be issued by the registration certificate, religious organizations should also be issued by the administrative department of religious affairs approval or proof. (6) Private non-enterprise organizations shall issue private non-enterprise registration certificates. (seven) the permanent establishment in the field shall issue the approval of the local government department. (eight) foreign institutions in China, should be issued by the relevant competent departments of the state approval or proof; The representative offices and offices of foreign-invested enterprises in China shall issue registration certificates issued by the national registration authorities. (nine) individual industrial and commercial households, should issue the original business license of individual industrial and commercial households.