Cash transactions - these are actions related to the receipt and issuance of money from the cash offices of banks, various organizations and companies, which are issued with special credit and debit orders.
This term also includes operations on exchanges, the calculation of which must be carried out until the next day inclusive after the transaction, actions with cash, securities, deposits, as well as repayment of debt or other
debt obligations.The Federal Tax Service draws the attention of individual entrepreneurs to the fact that the cash transactions that they carry out must be carried out according to certain rules:
• you need to determine the limit of cash balance;
• money, the amount of which exceeds this limit, must be stored in bank accounts;
• all cash transactions should be executed using credit and debit orders;
• You also need to keep an appropriate cash book.
In banks, the money limit is set according to the following principles:
• cash settlement centers, as well as reserve funds of coins and monetary units in banknotes (with the permission of the Bank of Russia) should work in cash settlement centers. All cash received within one business day must be posted to the relevant accounts on the same day;
• territorial banking institutions should take into account the needs of customers in cash for settlements on wages or for other needs;
• the limit amount is set at the end of the working day. All funds that exceed it must be transferred to the reserve fund, i.e. withdraw from circulation;
• all duties related to the storage of funds in the reserve fund and cash settlement centers are assigned to officials - the chief, chief accountant and head of the cash desk.
For mass customer service, cash transactions are carried out in branches that contain:
• income and expenditure structures;
• units engaged in the exchange and translation of currencies.
The officials who are responsible for the storage of valuables must have metal seals and keys to the pantries, as well as stamps. These funds are needed in order to carry out cash transactions properly.
There are separate cash desks for issuing cash at banking institutions. In order to carry out settlement cash operations, the manager gives cashiers the necessary amount of money only against receipt. For wages, money can be issued for three working days on special expense orders.
It is worth noting that the cashier, who performs cash settlement transactions, is forbidden to simultaneously issue money on several cash checks, as well as to conduct any actions with currency in which clients do not deposit funds, but simultaneously present cash checks and a cash payment application.
It must also be said that when receiving or issuing money, the cashier is obliged to draw up relevant certificates. At the end of the day, the rest of the money, expendable cash documents, a certificate with the control tape of the calculator are handed over to the head of the cash register for verification.