How to set the limit of cash balance

Limit balance of cash is permitted, the amount of cash at the end of the working storage in the register. During the day, the amount of storage is not limited. At the end of the day, the amount over the limit must be surrendered to the Bank on the settlement account of the enterprise. But there are some exceptions. The organization may exceed the limit of cash in hand, but no more than three days.

How to set the limit of cash balance
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You will need

The form of calculation of the cash balance limit form number 0408020 two copies
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Instruction

Limit balance of cash must be established annually. The accountant fills the form, which you can take in the servicing Bank at the end of the year. If the organization has opened several accounts in different banks, then you need to contact one of them for their choice.

For the calculation of the limit you need to take the amount of cash receipts for the last 3 months and calculate the average daily revenue by dividing the total revenue by the number of working days for which it was received. To determine the average hourly revenue, divide the resulting amount by the number of working hours in one day.

Next, you need to count the cost in 3 months. The expenditure does not need to include the amount of benefits, wages and scholarships. Determine the average daily amount of expenses.

Based on these data, determine the cash balance should be for normal operation of the enterprise. Better to put a higher number than you expect, and the Bank will decide to odobryat this amount or decrease it. If your business is located in a remote location and rarely collected in, it is possible to increase the amount of the limit.

In calculating the limit, specify the purposes for which you may need cash. As a rule, the cost of salaries, household goods, stationery and other household expenses.

You must fill out a form in duplicate, must be signed by a Director and the chief accountant, the stamp of the organization.

Note

If the organization did not have time before the end of the year to take the calculation of the limit in the Bank or just did not care about this, the limit for the next year will be zero. And all proceeds remaining in the cash register at the end of the working day will be considered excessive. When checking organization may incur a penalty at double the rate of the amount of above-limit balance. So many organizations go to the trick and "pass" all limits are exceeded, the remainder of the report to the Director or other employee of the company.

Useful advice

All amounts on the form for the calculation of the limit are filled in thousands of rubles.

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