What is regulated and how cash is realized between legal entities

Currently, cash settlement between legal entities is an ordinary operation. It can be implemented between two organizations, an individual entrepreneur and an organization, a pair of individual entrepreneurs. Special Order No. 1843-U specifies that it is possible to pay in cash in each of the cases mentioned. But only if the amount does not exceed 100 thousand rubles. The author of this instruction is the Central Bank of Russia. By the way, six months after it was brought to the attention of market participants from the Central Bank, Letter No. 190-T was received. Its provisions somewhat correct the said Directive. The Letter in the Letter states that settlements between legal entities are one thing, and the issuance of wages (and other payments equivalent to it), as well as the issuance of funds under the report (cash, of course) is quite another. Consequently, the requirement for a maximum limit does not apply to the last pair.

In addition to limiting the amount, cash settlement between legal entities is no longer "constrained" in anything. For example, there is no time frame at all. That is, the Central Bank does not specify how long it should be completed: one operational day or one business day. True, there is one small, but very important clarification. The essence of it is that all money transactions between the parties to the transaction should be conducted exclusively within the framework of one contract. In the event that the payment for work performed, goods delivered or services rendered are not its subject (and the signatories did not agree otherwise), then it is implemented in accordance with the general rules for the transfer of funds between counterparties-organizations (individual entrepreneurs).

In addition, it should be noted that cash between legal entities is limited not only in size, but also in ways of spending money. All the same, the 1843st Instruction prescribes that an individual entrepreneur or organization can use money received at the cash desk during payment for work, services, purchase of goods (excluding securities), payment of insurance compensation under the relevant contracts. Also, the received "live" funds can be used to make settlements with suppliers. In this case, we mean payments for previously paid and returned products.

Finally, there is another interesting point. If there was a cash payment between legal entities and one of them received a certain amount of money for the products sold, the work performed, the service provided, or in the form of an insurance premium, then in no case should these funds be provided as loans. On this account, Letter No. 190-T "spoke out" quite strictly. If the loan still needs to be given out (for example, to support any of the employees during a difficult period in their life), then the availability of cash on hand does not matter: the loan in full must be issued from the settlement account of the enterprise or organization.

Incidentally, in the plans of the Ministry of Finance there is a reduction in the limit on the amount of payments in cash to three hundred thousand rubles, starting from 2015. While in 2014, its size will be six hundred thousand. This intention will affect relations between two individuals, and between individuals and organizations.