Purpose of payment

The activity of any business entity is impossible without settlements with suppliers. They are carried out by servicing banks through payment orders. This document is the basis for writing off the funds available on the settlement account of the enterprise. To implement cash flows, the business entity refers to a servicing financial organization that executes its instructions. Further, after accepting the payment order of the executing bank, the receiving bank contributes the appropriate amount to the settlement account of its client. Thus, the obligations entered into in the contract are fulfilled.

The payment form is made by the payer. This document has the established form and contains requisites, the presence of which is necessary for the transfer of funds. Their instructions must be made taking into account the requirements that are contained in the regulatory legal acts of the bank, the Ministry of Finance, the Federal Treasury of Russia, etc. Requisites must be affixed to the fields designated for them. In each of them, the relevant regulatory information is entered.

The document form, which is provided to the bank for the transfer of money, contains a field number twenty-four, which must contain the purpose of payment. This props are put in the form of textual information. It consists of several obligatory parts. The first of these is the very purpose of payment. The enterprise, settling with suppliers, depending on the conditions contained in the contract, can transfer a certain monetary equivalent until the moment the corresponding product is received. In this case, the information part of the requisition details indicates that an advance payment is made. Write-off of money from the account of the payer can be made also after reception of production (services or works). In this case, the field "Purpose of payment" contains information about the final settlement. If the transaction concluded between the buyer and the seller is classified as a major transaction, a partial transfer of funds may be made. In this case, an explanation is given of the partial transfer of money.

The next mandatory information that is available in the "Purpose of payment" field is an indication of the name of goods, services, works. Here, the products that are received by the buyer are listed, and in the case of prepayment it will be shipped by the seller. It can be furniture and building materials, equipment and vehicles, installation works, dry cleaning services, etc.

Next, the payer must specify the dates and numbers of documents according to which the goods were received (invoices, acceptance certificates, etc.). It is mandatory to refer to the signed contract. The text indicates its serial number and date of imprisonment.

The purpose of the payment in the payment order should contain information on the term for writing off the money from the account of the payer organization. A separate line records the value-added tax included in the amount to be written off. In the event that the goods or services are subject to preferential treatment, according to the current legislation, an explanation is provided on the absence of VAT.

The Central Bank of the Russian Federation established the maximum number of signs used in the designation of payment. It should be a maximum of two hundred and ten.

If the federal funds are transferred by payment order, the text of the field "Purpose of payment" should begin with the budget classification code in parentheses. Also, the personal account of the receiving organization must be indicated, which is open to it in the state treasury body.