On October 12, 2011, the Russian Central Bank issued a resolution regarding cash transactions, in accordance with which, since 2012, business entities of any legal form are required to independently calculate the cash register limit. And if earlier in this matter the company could rely entirely on the Central Bank, now it will have to exert its strength and decide on its own. This also applies to individual entrepreneurs, who now must keep records of all cash transactions, paying attention to existing restrictions on cash balances. However, do not rush to get upset and nervous, calculating the cash register limit and observing cash discipline - this is not so difficult!
The cash desk limit is the amount of cash that can legally be stored at the cashier's desk of the enterprise, and not be taken to the bank. The main task of any enterprise is only to choose the optimal limit for itself, and then hand over the surplus cash funds on time. According to the law, there are no strict rules on how to calculate the cash balance limit, so you can choose any period for which funds were received. Most often, in order to avoid unnecessary headaches with a shortage or excess of money, they try to set a high cash balance. It should be noted that
cash that exceeds the limit must be handed over to the bank with a frequency of at least once a week. Exceptions are made only for remote regions of Russia, in which there is not a single bank. For them, the time period is 14 working days.
Cash Limit Calculation Algorithm1. Choose a time period for which we will, in fact, calculate cash flows. In accordance with the law, it can not be more than 92 working days.
2. Cash limit calculation is carried out according to the elementary formula:
“Cash limit” = “cash revenue” / “number of days in the billing period” * “number of days between cash withdrawals”.
3. We observe cash discipline, and everything will be in order!
Consider an example of calculating the cash limit
1. In the first case, the company has revenue. Suppose OOO Podarochok sells original gifts for all occasions. If for the reporting period they chose the third quarter of 2011 with a duration of 71 days, the revenue of which amounted to 500,000 rubles, and the store gives out cash every Friday, then according to the formula: LK = 500,000 / 71 * 5 = 35,211 rubles.
2. But what if the company does not have cash proceeds? In this case, instead of the number of days between surrenders, the formula uses the number of working days that elapse between calls to the bank to receive cash. For example, Village Milk LLC purchases dairy products from farmers and rural residents. Suppose the management of the company decided to take October 2012 during the reporting period , when the purchases were most intensive. Let the cashier receive cash once every 3 days, and in October there were 20 working days. Then, if the earnings of Village Milk LLC amounted to 300,000 rubles during this period, then the calculation of the cash register limit will look like this: LK = 300,000 / 20 * 3 = 60,000 rubles.