Cash on hand is a necessary resources to the current needs of the enterprise, as well as funds, which come from different sources for different purposes.Shelf life of these resources, as well as the number allowed on hand (limit) determined in accordance with the agreement with the bank serving the company.
cash in transit referred to resources that are put into the pot by the collectors, of bonds or bank cashier in the evening.The resources at the end of the month (reporting period) is not credited to the account of the company and are not confirmed by a bank statement.This accounting of cash transactions exempts them from the resources in the way after their transfer to the account.
addition to the main account with the company may be different deposit accounts servicing banks.The company may have a main account in foreign currency and a number of foreign currency accounts.They can be used, for example, to convert.
Accounting for cash (at the box office as well) solves several problems.These inc
- systematic control of the movement, the state, the timely delivery of the money.
- Prevention of presence of residues in excess of the limit at the box office.
- Control over target use of funds.
- timely and competent execution of the movement of money.
- Formation liability (for the money) and systematic control over the activities of persons having financial responsibility.
- overseeing the fullness of the money supply and preventing resource assignment.
to perform the task on the last point accounting of funds (at the box office as well) provides an inventory (usually once per month).This measure is used in the terms and limits established by law.
the Funds generally referred to as deposits, cash on hand, funds for foreign exchange, settlement and other bank accounts.
implementation of certain operations with these resources is possible under certain conditions.Thus, economic agents have ordered the cashier.For the implementation of the relevant operations in the enterprise should be allocated to the isolated and specially equipped room.It carried out the receipt, delivery and temporary storage of cash.Managers of business entities are responsible for the equipment fund, safeguarding money.In the administration of the company shall also have responsibility for the safety of cash on delivery and delivery to the bank.
All transactions that involve the expenditure and receipt of cash, called, respectively, cash transactions.The order of their conduct approved by the Central Bank.In accordance with the provisions set rules for storage of cash transactions, carrying out monitoring, accounting of funds at the box office.In addition, cash provided safety and proper use of it.Responsibility for compliance rests with the administration of the entity and the heads of certain departments (finance department, accounting department).
According to these rules, shall have records of cash on hand the company.This sets certain limits on the amount of financial resources.At the box office of the enterprise shall not contain more cash than that prescribed norms.Limits for residues and use of proceeds are fixed in consultation with the management of the bank.
Accounting for cash on hand in accordance with the established procedure.The enterprises provides a special position associated with the implementation of the relevant financial transactions.The cashier is materially responsible, his duties include safeguarding the values assigned to it.