The implementation of centralized treasury receipt and payment system is China s major initiatives in financial management system reform.

The system of central collecting and distributing of treasury, which is based on single account treasury system, is the shortened form for administration system of financial treasury, in which the collecting and distributing of fund is mainly in the form of central collecting.

Treasury payment and final accounting is two kind of reform, although they are identical in operating mainstay, accounting object and goal, but according to district financial condition, using treasury payment which on the basis of final accounting is more conforming to the actual situation.

The discuss on our country centralized treasury payment system

Reform of centralized treasury payment system from top to bottom is striven forward since 2003 in Henan province,having resolved the problem of treasury capital tensions but fund precipitation in funds budget units,seriously affecting the efficiency of the use of such funds,further improved the financial system and budget execution system.

The practice of centralized treasury payment system not only changes the mode of spending,but also leads to a huge impact on the concept and management method of financial management work at the grass-roots level.