Cash accounting in cash desk

Cash on hand is the necessary resources for the current needs of the enterprise, as well as funds that come from different sources for different purposes. The term of storage of these resources, as well as the allowable number of them in the cash register (limit) is determined in accordance with the agreement with the bank servicing the enterprise.

Money resources in the way are resources that are handed over to the bank by way of collectors, communication authorities or in the evening bank offices. These resources at the end of the month (the reporting period) are not credited to the company's account and are not confirmed by a bank statement. In this case, accounting for cash transactions provides for their exclusion from the resources in the way after crediting them to the account.

In addition to the main account, the enterprise may have various deposit accounts of servicing banks. The company can have a main account in foreign currency and a number of foreign currency accounts. They can be used, for example, for conversion.

Accounting for cash (in the cash register as well) solves several problems. In particular, they include:

1. Systematic control over the movement, condition, timely delivery of money.
2. Preventing the presence of a surplus over the limit in the cash register.
3. Ensuring control over the targeted use of funds.
4. Timely and competent registration of the movement of money.
5. Formation of material responsibility (for funds) and systematic control over the activities of persons who are endowed with material responsibility.
6. Ensuring oversight of the completeness of the money supply and avoiding the appropriation of resources.

In order to carry out the task under the last item, cash accounting (at the checkout including) provides for an inventory (usually once a month). This measure is used in terms and limits established by law.

Cash is generally referred to as deposits, cash, funds on the currency, settlement and other accounts of the bank.

The implementation of certain operations with the specified resources is possible under certain conditions. So, economic entities are ordered to have cash. To carry out the corresponding operations in the enterprise, an isolated and specially equipped premises should be allocated. In it reception, delivery, and also temporary storage of a cash is carried out. Managers of economic entities are responsible for the equipment of the cash department, ensuring the safety of money. The administration of the enterprise is also responsible for the safety of cash on delivery and delivery to the bank.

All transactions that involve the use and receipt of cash are called, respectively, cash transactions. The procedure for their implementation is approved by the Central Bank. In accordance with the adopted regulations, rules for the storage of cash, the performance of transactions, control, the recording of cash on hand. In addition, the safety of cash and its correct application is ensured. Responsibility for compliance with the rules rests with the administration of the business entity and heads of certain departments (financial department, accounting).

According to these rules, cash is recorded in the company's cash desk. At the same time, certain limits are set for the amount of financial resources. The cash desk of an enterprise should not contain more cash than is established by the rules. Limits on balances and use of proceeds are fixed by agreement of the bank with the management.

Accounting of cash in hand is carried out in accordance with the established procedure. Enterprises have a special post associated with the implementation of relevant operations with finance. The cashier is financially responsible, his job is to ensure the preservation of the values transferred to him.