Settlement account of the bank and organization. What is the difference?

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Current account is a place of storage in non-cash form of free cash in ruble equivalent. It is opened to a legal entity, in some cases to an individual entrepreneur in a credit institution, and is used for settlements with various counterparties. For operations in foreign monetary units, there are currency accounts. And the above type is not open to individuals. Instead, there are current or personal accounts for them.

In the accounting of the organization, each current account has a separate analytical reflection within account number 51 (“Settlement accounts”). It takes into account cash flow operations, for example, in settlements with personnel, for taxes, with suppliers, etc. (by debit). On a loan, on the contrary, the receipt of ruble payments for various reasons (for delivered products, etc.) is displayed.

A bank account is opened using a whole set of documents, among which for Russian organizations it should be noted:

- statement;

- a copy of the document confirmingregistration with the tax authorities;

- certificate of registration from funds (off-budget);

- a card with sample signatures of those who can manage the funds on the account and a sample seal of the organization;

- copies of constituent documents, including the charter, memorandum of association, certificate of registration, certified by a notary.

The credit institution reviews the submitted documents and, if they meet the requirements, draws up an agreement for settlement and cash services, which indicates the current account, which has (currently) twenty digits. The company that opened it must report this event to the tax authorities within ten days. In the same terms, information on closing the account is provided. In a number of banks, the company's current account balance (average quarterly, average monthly or irreducible) may accrue interest on the basis of a special agreement to the contract.

Accounts are opened free of charge, but there may be further fees for maintaining, for payments via the remote access system, for accepting / withdrawing cash, for issuing a checkbook, for certification of certain documents, etc. Tariffs may differ not only in different banks, but even in separate branches if they are located in different cities.

The settlement account of a bank as an organization differs from the same account of a company in the order of opening and coding: it starts with 303 or 301, but, just likepayment details of the organization, contains 20 digits (in accordance with current legislation). If the first digits of a bank account are 301, then it is a so-called "correspondent" account of a particular credit institution in a higher financial body - the Central Bank - and its structures in a particular city, region, district, etc.

In order not to confuse the current account of the company and the bank, you need to remember that this requisite for the company begins with the number "4".