The organization of non-cash payments based on the following principles

The organization of non-cash payments based on the following principles: 1) The funds of economic entities are subject to mandatory retention on settlement, current and other accounts in banks, 2) cash payments and payments to the company are carried out mainly through the establishment of banks or other credit institutions on a cashless basis of documents provided by the rules of calculation 3) from buyers for the commodity-material values ​​and services are performed after the shipment of goods or services, together with them in order or pre-payment. Payments are made in the manner prescribed by the terms of sale of such goods, and 4) payments for goods and services are performed, usually with the consent of the payer after verification of the supplier contract terms, and 5) payments are made only when there is sufficient funds in the accounts of the payer's bank, under certain conditions can provide a loan to pay suppliers' invoices or take over the function of the payer's guarantor (sponsor) on a commercial basis (at the request of the client's creditworthiness), 6) crediting funds to the payee's account runs as a rule, after writing off the amounts from the account of the payer. The main flows of non-cash settlements with a population include: - Transfer of funds (salary and other income) from the accounts of the company to accounts for deposits in banks - Transfer of insurance premiums, pensions and allowances from the accounts of insurance companies, social security fund to accounts held in banks - Transfer of funds from the account of a company (by proxy accounting company) to the accounts of other businesses (retail, utilities, etc.) - Transfer from deposit accounts to the accounts of trade organizations (settlement payment checks), public institutions (the payment of utility bills), bank institutions (repayment of consumer credit), the issuance of loans for consumer needs - Transfer of interest in favor of the bank's clients to the appropriate accounts. The choice of the state in favor of non-cash money creation can be attributed to several factors. First of all cashless treatment to track cash flow moving in the economy. It is very important, because our country is carrying out an extensive policy of state regulation of the economy and for its implementation is necessary to monitor the magnitude and direction of cash flow. That is why the choice of the state is in favor of non-cash payments. Also contribute to the continuing non-cash assets of the circuit. Between the cash and cashless transactions there is a strong interdependence: the money is constantly moving from one sphere to another, changing the shape of cash banknotes on deposit in the bank, and vice versa. Therefore, non-cash payment transactions is inseparable from the treatment of cash and create with them a common monetary circulation of the country. Category: METHODOLOGICAL FOUNDATIONS OF MONEY EMIS | Tags: cashless