How to calculate cash limit in 2017

Cash desk limit is the maximum amount of cash that an organization can leave at its cash desk at the end of a business day. The cash balance balance is set once a year based on the calculation of the company and approved by the bank that serves the company. The issue is regulated by the Regulation of the Central Bank of the Russian Federation dated January 5, 1998. No. 14-P "On the rules for organizing cash circulation in the territory of the Russian Federation."

You will need

• Mindfulness;

• literacy;

• knowledge of formulas.

Instruction manual

1

Take blank form No. 0408020 in 2 copies. It is intended for entering data on calculating the limit of the cash register balance and issuing a permit for the expenditure of cash from the proceeds received at the cash desk of the company. Enter the name of the company, the number of the current account and the name of the bank to which you submit the calculation.

2

Fill all amounts in thousand rubles. In the field "Cash proceeds for the last 3 months" indicate the actual cash receipts for the specified period. If there have been sharp changes in revenue, then provide data for the last month. For enterprises that are just starting to work with the cash register, indicate the expected amount for the next month. If there is no cash flow to the cashier, put a dash.

3

Divide the total amount of revenue indicated by the number of working days for the billing period. Enter the received number in the field "Average daily revenue". Divide the amount of average daily revenue by the number of working hours per day. Enter the result in the field "Average hourly revenue".

4

Calculate the actual amount of cash expenses from the cash desk of the company for the last 3 months. Please note that the calculation does not include the amount of salaries and social benefits. Similarly to paragraph 1, with sharp changes in volumes, indicate the data for the last month, and for the newly created companies - the planned amount. Calculate and fill in the daily average consumption.

5

Indicate the time frame in which you plan to return the proceeds (daily, next day, once every few days). The deadline must be justified, for this, the fields "Business hours" and "Time for the delivery of revenue" are filled. If the company operates before 18.00 or 19.00, the deadline is usually set daily. If the organization works until late, and the bank does not have an evening cash desk or evening collection service, then the deadline is set to "the next day." For organizations located far from banks (for example, in villages), the deadline is set to "1 time in __ days" and the cash balance balance limit is equal to several average daily revenues.

6

A reasonable amount of the limit is the difference between the average daily income and expense. Based on the calculations, fill in the "Requested limit amount" field. You can put the amount slightly larger than the estimated, usually banks agree to a small margin. If there are no receipts, then an amount equal to the average daily expense is established.

7

This form also provides a field for the purposes for which it is permitted to spend cash proceeds from the cash desk of the enterprise. Fill it out on the basis of the real needs of issuing cash from the cash register.

8

Sign both copies of the calculation with the head of the enterprise and the chief accountant and take it to the bank for approval. The bank will enter its “verdict” in the “Decision of the establishment of the bank” field, where it will fix the established amount of the cash balance limit and the permitted goals of spending revenue. If the company works with several banks, then the calculation can be approved in any of them, and then send a notification of the established limit to other banks.

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