Personal account

A personal account in the broadest sense of the term is an account that is designed to account for all settlements with creditors and debtors: legal entities and individuals, including credit, financial institutions and public authorities.

On personal accounts, financial transactions conducted by citizens or legal entities with banks, tax inspection, utilities, state authorities are reflected. Each account has its own individual number, it must indicate the name of the bank in which it was opened. One person or organization, if necessary, can open several personal accounts.

Each legal entity has such an account with the tax inspectorate, which is opened immediately after the registration of the company. This account takes into account and reflects all receipts, charges and additional charges, penalties and refunds (if necessary).

Citizens' accounts differ from those of organizations. The personal account of the citizen at his place of residence is a document reflecting the movement of financial resources, which are transferred for the payment of public utilities , the maintenance and management of the house, the hiring of a dwelling.

The account in the housing and communal services includes all payments for services. To get such an account, you need to apply to the housing and communal services with documents for the apartment with an application for opening an account. Each owner has an individual account number. The new owner of the same apartment receives a new account, and the requisites of the previous one are automatically canceled and become invalid.

The personal account can be opened in the bank branch to receive, for example, a loan or a deposit. A legal entity can open a separate account for settlements with a specific partner, supplier or client.

To open an account in this case, an enterprise (legal entity) must submit to the bank a constituent document, a registration certificate, a license. Also, a sample of signatures of the persons creating the account and receiving the funds will be needed; Notarized seals - all in duplicate. In addition, a certificate is provided from the tax and confirmation of the authority of the recipients of funds. An application for the beneficiary's personal account is drawn up, a contract is concluded and a commission is paid. Opening a bank account requires a working week. If the bank refuses to open, it must return all documents with a written justification for the reasons for the refusal.

The person's account is opened in approximately the same way, but this requires fewer documents. When you receive a plastic card, the account is created later, because it is attached to the account, and not vice versa. Although the money is first credited by the accounting department to the account, and only then printed on the card. Therefore, the employee's personal account is created after receiving a bank card. It is used to reflect all information about the calculation of wages during the calendar year. On it it is possible to trace also deductions from the salary.

Settlement lists that contain data on all the components of the salary, the size and rationale for accruals and deductions, the total amount paid out is invested in the personal account of each employee (on paper) monthly. On the reverse side of the input sheet is the decoding of the codes adopted by the enterprise coding system, the types of payments and deductions are listed.

It is necessary, when opening new accounts, to consider for what purposes they are necessary and correctly explain this to the bank's employee, so that later there are no problems with the transfer operations. Also, a personal account should always be accurately indicated in order to avoid misleading funds.