Banking and cash management services for legal entities

Settlement and cash services by a commercial bank of legal entities form the basis of a modern financial system. Such cases, when enterprises are calculated directly, are in the past. Now, for attempting to perform such actions in some cases, even criminal penalties are provided.

general information

To begin with, let's find out what is the settlement and cash services for legal entities in a bank. Under this is called a range of services that are provided by a financial institution and which are aimed at ensuring timely settlement of the organization with various entities. The procedure for their provision is regulated by the Law on Banks and Banking Activities, the Civil Code of the Russian Federation and the regulatory framework of the Central Bank of the Russian Federation. Special attention should be paid to the Regulations on cashless payments, the procedure for conducting cash transactions and other regulatory documents. Also, an agreement between the client and the financial institution is required for work. It should be noted that settlement and cash services for individuals and legal entities can be carried out, and not just the latter.

Basic services of cash settlement

After the contract has been concluded, the organization should receive a checkbook. She will be needed to receive cash for the wages of employees and the needs of the enterprise. There are basic and additional services. The first include:

1. Issuance of account statements, where information on completed transactions will be kept.
2. Cashless payments.
3. Cash operations (the phrase "cash service" may also be used for designation).

Basic services are usually free, or a symbolic commission is taken for their implementation. To carry out any of these operations, you must use a unified form. The bank receives a pretty good income for the provision of additional services. Some institutions have their own characteristics. Let’s take Sberbank as an example. Settlement and cash services for legal entities in this financial institution provides for the possibility of opening an account not only in rubles, but also in a number of other foreign currencies.

Legal regulation

What laws and regulations act as the basis for the relationship, we have already considered. But they regulate only in general and in general. In addition to the legislative framework, an additional cash settlement agreement is concluded between the legal entity and the bank. There are no restrictions on the form of ownership for entering into such a relationship. When all formalities are settled and the current account is open, the company can manage its funds for any activity, which does not contradict the law. If this process is carried out for the first time, then special attention must be paid to the conditions for the provision of the following:

1. Reception and issue of cash.
2. Ensuring prompt and uninterrupted movement of amounts.
3. The ability to conduct operations with currency.

If you wish, you can connect other services, but it depends on the desire and needs of the enterprise. If we talk about interaction, then for these purposes two methods are used, from which everyone chooses what is convenient for him:

1. Classical. Provides for the transfer of orders personally on paper or through an agent. Of the negative aspects, the need to spend time traveling to the bank’s office should be noted, therefore relatively few enterprises use this method.
2. Online banking. In this case, financial management is carried out remotely. Payment orders and claims are transmitted via the Internet. Due to the speed, flexibility and ease of use, this method is widely used by most organizations.

How is the calculation?

When the bank receives an order from the company (no matter what way, the main thing is to confirm that the document was sent by an authorized person), then it executes it by agreement. For this purpose, the use of BESP is now considered the rule of good form. This abbreviation stands for electronic bank urgent payments. With BESP, transferring money takes minutes. Although, according to the law, payment must be made in three business days. This is done in case of sudden and unexpected events that disable the system. Although such a fast execution of the order may incur additional charges. And transfers, even using BESP, will go just three business days. If the bank practices such schemes, you need to think about whether to continue to be served in this financial institution. Fortunately, there are enough worthy competitors. Take at least such structures as Alfa Bank, Sberbank, VTB 24. Settlement and cash services for legal entities, if you do not satisfy the client, you can change the financial institution. Remember that we can vote with our wallets.

Acquiring

All enterprises located on the cash register of a certain financial institution can, after signing a separate agreement, make it possible to pay for goods without leaving the outlet. True, in such cases, it is necessary not only to take care of the availability of all necessary equipment, but also to carry out a fairly significant number of control measures in time (first of all, this relates to safety). The same can be said about accepting payment by payment cards on the World Wide Web. In such cases, the terminals replace the special forms that the buyer must fill out.

Cash operations

For this purpose, the previously mentioned checkbook is used. The amounts written out with its help are used to finance the economic side of the enterprise, to issue wages and pay off suppliers. A unique analogue for a checkbook has recently become a corporate bank card. When it is issued, a special account is opened, with the help of which the financial organization conducts a register of all completed transactions, issues statements with the amounts of turns and cash balances. Consider the example of VTB. Settlement and cash services for legal entities in terms of salaries for employees are carried out by transferring a certain amount of money to a bank card. But this approach is not convenient for some people, since they are used to being clients of Sberbank rather than VTB. In this case, an accountant may additionally be sent to the bank, who will already receive the necessary amounts there using the checkbook. As you can see, there are positive changes, but so far certain obstacles often arise before the process of crediting money is completely automated. If you have to travel with a significant amount of money, then many large financial institutions offer a collection service. It is available after the settlement account and the corresponding additional contract have been signed.

Account opening

This service can be both paid and free. It all depends on the policy of the bank. But this amount is not unbearable even for new enterprises - for such pleasure you will have to pay “just” a couple of thousand rubles. A few hundred more need to be paid for servicing a current account. Many financial institutions charge user fees only in those months when there is at least one transaction. Certain deviations from the indicated values ​​can be in those cases when a currency account is opened, not a ruble one. Abroad, respectively, other prices for these services, which vary depending on local specifics.

Interaction with the tax service

This information will be useful to those who are just thinking about opening an account. The fact is that, according to the legislation of the Russian Federation, a legal entity, when opening a current account, must notify the tax service not later than 5 days after the completion of registration. If you do not have time in time, then a fine is imposed. In the absence of a desire to understand all the nuances yourself, you can entrust all questions specializing in this company. The approximate cost of such a service will be about 2-3 thousand rubles.

Conclusion

You can tell a lot more about how the cash settlement system works, and touch on various nuances and aspects. In general, if an entrepreneur or manager has at least a general idea of ​​the cash settlement system, this will allow him to better understand the affairs of a subordinate company, which is undoubtedly a significant plus.