How To Issue Payment Under Contracts

Table of contents:

How To Issue Payment Under Contracts
How To Issue Payment Under Contracts

Video: How To Issue Payment Under Contracts

Video: How To Issue Payment Under Contracts
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If the company does not cope with the performance of any specific task on its own, and it becomes necessary to involve third-party contractors for the performance of certain works, a civil contract is concluded that regulates the procedure for performing the work and their payment. It is important in this case to comply with the rules for making payments under such an agreement.

How to issue payment under contracts
How to issue payment under contracts

Instructions

Step 1

Execution of payment under the agreement largely depends on the agreement itself, which is payable. In most cases, goods and services provided under the concluded civil law contract are subject to payment.

Step 2

Civil contracts can be of various types: construction contracts, copyright contracts, sales contracts and others. Despite the variety of contract subtypes that may be payable, the basic principles of their execution, as well as the execution of payment for them, are identical.

Step 3

In order to correctly draw up a payment under a civil law contract, it is necessary, first of all, to correctly draw up the contract itself so that it takes into account and indicates all the points necessary for further processing of payment.

Step 4

The form of the contract is established by the employing party. A mandatory requirement is to indicate in the contract all the details necessary for mutual settlements, both of the employer and the contractor. It is important to clearly spell out the subject of the contract, deadlines and terms of payment for the work. The contract must be registered in the organization, namely in the accounting department or in the personnel service.

Step 5

After the work that is the subject of the contract is completed, it is required to register the acceptance of the work performed (for example, by means of an acceptance certificate for work performed). It is necessary to formalize the acceptance of the work performed, since it is on the basis of the acceptance document that the calculation of the amount of payment for the work performed can be made.

Step 6

Direct payment is carried out according to the invoice-statement from the contractor, issued in the form approved by the employing party. The invoice contains a link to the contract, details for payment and the amount established during the acceptance of the work performed.

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