Each firm has the right to keep only a limited amount of cash. The limit applies to the amount of loans, earmarked contributions, proceeds from the sale of goods and services. The exceptions are the amounts intended for salaries, social benefits and scholarships, but this money can also be kept in the cashier for no more than three working days. Only at the enterprises of the Far North and equivalent areas - 5 working days. This period includes the day the money is received at the bank. After the expiry of these terms, the money must be handed over to the bank.
Instructions
Step 1
To set the limit, provide the bank servicing your company with a settlement in the prescribed form. If your company has several current accounts in different banks, then contact the bank of your choice. After setting the amount of the limit for your company, you must notify all banks in which there are accounts. The calculation of the limit is provided in two copies. In each copy, the bank indicates the set amount of the limit and the purpose of spending it for your organization. The specified amount can be taken in cash from the proceeds received at the cashier.
Step 2
At the beginning of the calculation, indicate the name and account number of the organization, the name of the bank. To calculate the limit indicators, use the amount of revenue for 3 months. Consider all the money that comes to the cashier - loans, targeted receipts and other funds, since when checking the limit, the bank takes into account the entire cash amount.
Step 3
Divide the amount of revenue for three months by the number of working days in this period. This allows you to determine the average daily revenue, and dividing by the number of working hours - the average hourly.
Step 4
Determine the amount of cash spent on household needs, travel and other expenses excluding salaries and social benefits. Calculate the average daily expense by dividing the amount of expenses by the number of working days in a given period.
Step 5
Determine and indicate the due date for the excess revenue. The limit is set by the bank depending on the distance between the company and the bank and on the possibility of collection in the evening or only once every few days. The bank establishes such a limit at which the given enterprise can work in normal mode until the moment of collection.
Step 6
In the following lines of the calculation, indicate the requested limit amount. Wanting to hedge against unforeseen expenses, the company usually overestimates the requested amount of the limit. Banks do not prevent this.
Step 7
Further in the calculation - indicate the purpose of spending cash proceeds. You can specify - salary, social benefits, purchase of packaging, travel and other types of expenses at the discretion of this company.
Step 8
It is possible to obtain permission to spend the cash limit only if the enterprise has no debt at all levels.
Step 9
Filling in the calculation of the limit is completed annually. For exceeding the permissible limit, systems of fines and administrative penalties are envisaged.
