Why do I need a current account for IP? Cashless payment for IP. Where is the best place to open a business account?

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

In the article, we will consider why we need a current account for IP.

The obligation to use a current account by an individual commercial person has not been legally approved. In this case, only personal cards are allowed to be used. Why do you need a current account for IP? The fact is that without it it is problematic to implement the entire range of payment operations. In order to organize full-fledged accounting and for accounting convenience, it is recommended to replace bank cards for personal use with a standard settlement account, which is intended for commercial activities.

Why do I need a current account for IP?

For this category of figures, the presence of such an instrument in the bank provides an opportunity to carry out two forms of settlements: in a non-cash format and in cash. Why such an IP account is required:

• it allows you to enter into agreements of a civil and legal nature, making payments on them;
• through the account you can make all kinds of transfers of large amounts, which is prohibited for the sphere of cash circulation;
• there are no time limits for sending money in favor of legal entities;
• Obligation to staff can be repaid in non-cash form.

Justification for the need to open it

In some situations, opening an account in a banking institution is not a right, but an obligation of entrepreneurs. Is such an IP account necessary? Yes, it is needed, especially if the proceeds under one of the agreements exceed the limits of 100 thousand rubles. In the absence of it, entrepreneurs have to break one contract with a counterparty into several deliveries at once. Crushing increases the volume of workflow and complicates accounting.

The disadvantage of a personal card of individuals is that it is impossible to bind terminals to them and accept electronic payments through them. Why else do you need a checking account? It is necessary to expand the list of payment acceptance methods and make various transfers to third parties. A non-cash form of payment is provided for transactions that are characterized by the transfer of large amounts (more than 100 thousand rubles), as well as for operations related to wholesale trade. It is impossible to do without such a payment instrument in the framework of participation in the public procurement system.

What other benefits does a checking account have?

What are the conditions for opening a current account for IP?

Cash payments are losing relevance for businesses due to the costthe cost of their service. For each cash withdrawal and transfer to counterparties, the bank charges a commission. Do self-employed individuals need a checking account? Of course, since its launch allows you to reduce costs by lowering interest on commission services. An additional plus is the perpetuity. And a card for personal use needs to be updated regularly (reissuing plastic takes up to two weeks, and sometimes is a paid option).

Conducting settlement transactions using personal plastic is associated with an increased risk of tax security. One of the advantages of the payment instrument under consideration is the minimization of the risks of disputes with the Federal Tax Service and the separation of the financial flow of work and personal. In the event that an individual entrepreneur does not have a separate account, the controlling body can offset all receipts from the card into income. This entails underpayment of taxes and the emergence of various litigations.

The tax authorities have the right to make inquiries about the movement on the accounts of all business entities. Based on the information received from the financial organization, the specialists of the Federal Tax Service can make additional tax assessments. Entrepreneurs will have to prove the need to exclude personal income from the tax base within the framework of a judicial procedure (which is not required if there is a separate payment instrument). If it is impossible for the court to present strong arguments with documentary evidence for absolutely everyoperations, the conclusion can be made in favor of the fiscal authorities. Now let's talk about the non-cash form.

Cashless payment for IP

Today, this calculation is used quite often, as it is very convenient and profitable. At the same time, many businessmen are attracted by freedom, but not everyone decides to open their own business. In fact, there is nothing super complicated in this, especially if a businessman is registered as an individual entrepreneur. In this case, they offer convenient forms of taxation with a minimum of paperwork.

But despite the simplicity, every novice businessman needs to explore in detail any nuances of this type of activity. This will certainly help avoid many mistakes, and make doing business more convenient.

So, as it has already been found out, doing your own business will become much easier if a businessman has his own current account. This makes it possible to conduct non-cash transfers to customers and suppliers. This format is very convenient, so it is used quite often. To be able to accept payments and pay not only in cash, but also in non-cash form, you need to open bank current accounts.

Invoice optional

According to the law, a businessman can carry out his activities without such a payment instrument in the bank, however, he still needs to acquire them if he wants to be able to use all the benefits. It should be noted, however, that cash payments are limitedRussian legislation. That is, under one agreement, a money transfer of no more than one hundred thousand rubles is allowed. There is no such problem with non-cash, and this is its additional advantage. Under one agreement, you can receive an unlimited number of transfers. In this case, there will be no need to renegotiate the agreement each time upon reaching certain amounts.

Where is the best place to open?

So, let's decide where to open a current account for IP.

According to the feedback of entrepreneurs, it is especially convenient to do this in such banking organizations: Tochka, Tinkoff, Sfera, Alfa-Bank, Promsvyazbank. First of all, recommendations on where to open a current account for individual entrepreneurs are based on the following facts and pluses:

• you can apply in these organizations quickly enough;
• they have the most reasonable prices for CSC;
• the system of interest accrual on the balance works (as a rule, from 6%);
• money transfer is instant;
• managers themselves go to IP to open a current account.

Where to open a current account for individual entrepreneurs, it is important to decide in advance. It is worth noting that this is not a complete list of benefits, but only the main ones.

Checkbook

By opening bank accounts, entrepreneurs expect to use them to pay for the costs that arise when doing business. True, in the event that there is a need to withdraw cash, a checkbook for individual entrepreneurs is considered the best option. Why is it required?First of all, to pay for purchases and services.

The amount is written out by check, but it is received by the bearer. This makes it possible not to carry cash with you, to make payments if there is no ATM, and the institution is still closed. A checkbook for an individual entrepreneur can be cash when the amount for issuance is entered, and settlement when the funds are indicated for the transfer to the account of the individual or organization that presented the paper. The first option is most often used. It is believed that such a document provides security, as it is carefully checked, and the check itself is very difficult to counterfeit.

How does the tax service check the current account of an individual entrepreneur? More on that later.

Tax checks

Sometimes people wonder if this body can check the current account. It is worth saying that on certain grounds, of course, it can. That's why it is a state official service. But there are a number of significant nuances:

• who owns the payment instrument (individuals, individual entrepreneurs or LLC);
• legislative basis;
• cases where inspectors have the right to inspect.

So how does the tax check the IP account? According to the Tax Code, the inspection service has the right to request the following information from a financial institution:

• opening and closing an account;
• actual balance at the time of request;
• debit statement;
• help transfer funds.

The Bank undertakes to provide the requested data within three days. An audit can also be carried out on the basis of Article No. 122 of the Tax Code for non-payment of income tax, as well as other offenses. Where it is more profitable to open a current account for an individual entrepreneur, you will have to decide on your own.

Now let's figure out how such a payment instrument is launched and what an individual entrepreneur needs for this.

How to open and use?

Opening such an instrument in a modern bank is a simple and convenient procedure. We will tell you further how to launch it for individual entrepreneurs and become a client without leaving home. Very few documents are required:

• passport along with registration certificate;
• tax accounting document;
• sheet with statistics codes;
• entrepreneur seal, if available;
• copy of the license if the relevant activity is licensed.

The bank manager will additionally prepare a client application along with a signature card, a remote service agreement and a USB key for accessing online banking.

Not everyone knows how to use the IP current account. Currently, many banking institutions are encouraged to open this tool through the pre-booking functions. To do this, a special form is filled out on the website of the selected financial institution, the details are sent to the email box. Next, you should approach the employee with the papers within the agreed time,accompanying the application, and then complete the registration.

Cash deposit

Let's tell you how to deposit cash to the IP account.

There are four ways:

• transfer from card;
• replenishment via ATM;
• replenishment at the bank's cash desk;
• transfer through the transfer system.

Conclusion

Thus, opening a current account is a right, and not an obligation of an entrepreneur. At will, a businessman can launch one or more of these payment instruments in rubles or in foreign currency in those banking institutions that he chooses. In addition, individual entrepreneurs are allowed to pay taxes with insurance premiums in cash through a bank. True, in practice, Internet entrepreneurs will not be able to do without a current account, since there are a number of reasons for this.

We have considered why we need a current account for IP.