Procedure for conducting cash transactions

Perhaps there are no such enterprises that could, while carrying out their activities, not come across such a notion as "cash operations". Be it a calculation with the client, payment of wages to their employees and other expenses, for example, payment of business trips or economic needs - all this is far from a complete list of those working moments in which it is required to strictly follow the order of conducting cash transactions.

But what is this concept - "cash operations"? And what is the order of their conduct?

Under them one should understand the reception and storage, as well as the expenditure of both cash banknotes and monetary documents.

To the accounting for cash transactions there are a number of requirements, which are as follows:

• Documents reflecting the movement of both cash and monetary documents must be properly and timely issued.
• Control over the designated use of funds and their safety.
• Compliance with cash, as well as payment and payment discipline.

Every enterprise that has its cash desk must acquire a cash book, which is kept by the cashier in one copy. In addition, she is supposed to be threaded, numbered, printed. The book is certified by the signature of the head of the enterprise and the chief accountant.

It is in this book that the cashier every day records the available balance of cash, which the cashier has at the beginning of the day, their movement (arrival, expense) during the entire day period and the balance at the beginning of the next. Each record should be made in 2 copies, one of which will remain in the book itself, and the other should be transferred to the accounting department, which will serve as a report for the cashier.

Corrections in cash documents are unacceptable.

In order to conduct synthetic accounting of cash transactions, the use of the main active account 50 "Cash" where the values of the opening and closing balance will reflect the availability of funds at the beginning and end of the whole reporting period is intended. The debit of this account serves as an indicator of revenues, and credit, on the contrary, monitors the expenditure of money.

Responsibility for the procedure for conducting cash transactions falls on the shoulders of the head of the enterprise. According to the legislation of the Russian Federation, persons violating the cash discipline must be punished.

Nowadays in connection with the ubiquitous computerization it became possible to maintain an electronic cash book, which greatly simplifies the work of the cashier. However, in such conditions of work, it is necessary to regularly check the software of the means that provide processing of cash documents.

Contemporary made changes not only in the technical side of cash operations, they also touched the very order of their conduct.

In September 1993, the Board of Directors of the Central Bank of Russia approved a decision where the procedure for conducting cash transactions was adopted, 40 which, in addition to general provisions, included:

• Guide to the receipt and issuance of cash in cash, as well as the procedure for issuing cash documents.
• Guidelines for the management of cash books and the storage of money.
• Rules for conducting audit of the cash department , as well as observance of control over cash discipline.

In addition, the document has four applications:

1. Description of signs and rules, the purpose of which is to determine the payment of a monetary note (bank note) and a coin of the Bank of Russia.
2. Guide to the transportation and storage of money
3. Technical strengthening of cash offices in enterprises and equipping them with alarms. Requirements for technical safety.
4. Form of drawing up an act on carrying out an audit at the box office.

Almost nineteen years the procedure for conducting cash transactions was a similar set of rules and was abolished as an ineffective normative act in January of this year with the entry into force of Regulation No. 373-P.

If we compare this and other normative documents, it can be noted that in the new version it has positive changes. However, some questions remained unresolved.

In short, those who are directly interested in the procedure for conducting cash transactions due to professional activities or for some other reasons will not be superfluous. Position No. 373-P is carefully examined.