How to withdraw money from the current account of LLC: methods and procedure

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

In the article, we will consider how to withdraw money from the current account of LLC.

Any settlement in organizations with the legal form of LLC, exceeding 100 thousand rubles under the contract, must be carried out by bank transfer. This is the requirement of the state, confirmed by law. But in the course of the company's activities, situations may arise when cash is required.

Many are concerned about the question of how to cash out money from the current account of an LLC and the legality of such operations. In fact, the law allows the withdrawal of money from accounts, moreover, there are several ways.

So, let's figure out how to withdraw money from the current account of LLC.

Cash out process

Cashless payments are not always beneficial for company owners. In some cases, cash is required. It is in such situations that LLC owners think about ways to legally withdraw money. There are several such ways.

Withdrawing money for needseconomic nature

It should be noted that for this purpose you can cash out no more than 100 thousand rubles. When withdrawing money from the bank where the current account is opened, it should be indicated in the RKO that the funds will be used to purchase household goods. Undoubtedly, the expense report is not mandatory, but if a dispute arises with the tax authorities, it would be better if supporting documents are available. These can be checks or invoices.

How else can I withdraw money from the current account of LLC?

Payment of salaries

To receive such income in cash, sometimes the founders of firms are registered as staff of their own company. However, in this case, it is necessary to deduct 13% to the state in the form of taxes, as well as 30% in the form of contributions to extrabudgetary funds. That is, half of the withdrawn money is lost almost immediately, and this is extremely unprofitable. In addition, the payment of wages must be confirmed by the statement.

Dividends

The founders of the organization have the right to expect to receive dividends (a certain share of net profit). Dividends may be paid no more than once a quarter. This income is also taxed at 13%. There is one more nuance: the payment of dividends is carried out exclusively from net profit. This means that the company should not have debts to the state and staff. The amount of dividends is determined at the meeting of the founders. It is permissible to send all earned money to payments.

Travel expenses

How else can I withdraw money from the current account of LLC? The law gives the right to accrue travel allowances at maximum daily rates and receive them in cash. The main rule is that documents confirming the business trip must be available - tickets, checks from hotels, etc.

Enterprise expenses

These funds are usually directed to certain events. For this purpose, you can even purchase expensive clothes, but later you will have to confirm with the tax office that this purchase was really necessary and is an important part of hospitality expenses.

How to withdraw money from the current account of LLC, many people are interested.

Loan agreement

An organization can issue loans to its employees or founders. In addition, absolutely any period of repayment of the debt can be specified. But if the lending rate is less than two-thirds of the refinancing rate, then the borrower will have to pay taxes in the amount of 13%. It is also worth noting that an LLC can forgive a debt to an individual. In this case, it is counted as income, which should also be taxed.

Issuance of accountable money

Amounts can be issued to an employee for various purposes, for example, for the purchase of goods and materials. In this case, the entire amount spent must be supported by relevant documents, and the balance must be returned to the bank account.

Administrative expenses through sole trader

It is assumed that the founder of an LLC may also have the status of an individual entrepreneur. In this case, an agreement should be drawn up, according to which the individual entrepreneur will perform management functions in the LLC. Most of the profits of the organization are transferred to the IP account as a reward. That is, the founder gets the opportunity to withdraw money from the IP account. Such schemes raise many questions from the tax authorities. If there is a need to use such a scheme, then it should be understood that government agencies will pay attention to this. The legality of this method is questionable. In order to avoid unpleasant consequences, it is recommended to draw up a contract correctly. In this case, 6% tax will be required from the income received when cashing money from the current account of the LLC.

Sometimes the founders use illegal ways to withdraw funds, for example, through an organization that conducts fictitious activities. The founders of one company transfer money to the account of another organization for supposedly sold goods. Then the buyer cashes out the funds and returns them minus the commission. Such schemes are quickly identified by the tax authorities, the consequences will be disastrous for both organizations.

Cash out features

How to withdraw money from the current account of LLC, now it's clear. An important feature of the functioning of the organization is that its founders, unlike individual entrepreneurs, cannot cash out funds for personal purposes. Howeverthe registration of the founders in the staff of the organization allows you to bypass this restriction legally and quickly enough.

In this case, it is important to indicate in the cash settlement account the purpose for which the money is withdrawn. The ideal basis for such a procedure is "Spending on the needs of an economic nature." Quite often, the founders in the RSC indicate such a reason as "For the salary of employees." The bank has no right to refuse such an operation, and therefore issues money without any problems at the request of a legal representative.

After receiving funds from the bank, they should be credited at the cash desk of the organization. In this case, one should not forget about the limit at the end of the day, which is set by the internal documents of the company. If there is a surplus at the cash desk, it must be returned to the bank.

The key to the success of the organization is the correct cash accounting. If funds are received at the cash desk, then they must be carried out according to Dt 50.01, Kt 51. After the issuance of credited funds to employees as a salary, the operation should be carried out according to Dt 70, Kt 50.01.

Documents required to withdraw money from the settlement accounts of the organization

To withdraw funds from the organization's bank accounts, a checkbook is required. Usually it is issued at the time of opening an account. In addition, you will need a card with sample signatures of persons who have access to the account.

The check must include the following information:

1. Date of withdrawal.
2. Amount.
3. F. I. O., passportdetails of the person receiving the funds.
4. Signature of the recipient of the money.
5. Assignment of expenses.

The correctness of filling out the check is checked by bank operators. In the case when all the fields are filled in as a rule, the check is torn off, leaving the spine in the book.

A person applying for the withdrawal of money must have a passport, any other identity document. Large amounts should be ordered in advance by contacting the bank's hotline or branch by writing an application.

After the money is received, it is necessary to draw up a PKO in order to deposit it in the cash desk of the organization. The issuance of funds from the cash desk is also carried out in the presence of documentary evidence. If payroll is being paid, then a payroll must be completed. If it is assumed that the funds will be directed to economic needs, then it is necessary to draw up an RKO. All transactions performed must be reflected in internal reporting documents.

Responsibility for illegal withdrawal of money from LLC's current account

If an organization cashes out money through an individual entrepreneur or another LLC, then the consequences come in relation to:

1. Founder of LLC (customer of the service).
2. Head of a fictitious firm.
3. Groups of persons (for example, if the transaction was carried out with the participation of several founders or an accountant was involved).

Responsibility for committed illegal actions will depend on the amount of money withdrawn and the number of people involved in the transaction. For such violations of the law in Russian practice are acceptedthe following preventive measures:

1. Probation.
2. Deprivation of liberty (maximum 11 years).
3. Fine.

Any cash withdrawal operations are always aimed at tax evasion.

To cash out money from the current account of LLC, the interest will have to be paid. What is its size?

Cost of withdrawal operation

Any bank charges a commission for cash withdrawal operations, the amount of which depends on the purpose of the expense and the amount. When funds are withdrawn for several purposes, they charge a single commission, which is a certain percentage of the amount.

In this case, the percentage for each operation may be different. If the bank provides a minimum commission for such transactions, then the minimum is used. The commission can be expressed both as a percentage and in ruble equivalents.

For example, bank tariffs may indicate a commission of 1.2% of the withdrawn amount, but the minimum commission amount must be at least 200 rubles.

It is important to remember that withdrawal fees are not the final cost. There are also taxes levied, for example, on the amount of salary or dividends.

You can find out the amount of commission for withdrawing money before opening a current account. This information is always reflected in the tariffs, information on which can be obtained by contacting the bank or on the official website.

Limit

Many banks have a one-time withdrawal limit. For example, less than 250thousand rubles can be withdrawn at the minimum rate or without commission. In some cases, the fee can be up to 10%, and its size is determined by the policy of the bank.

Minimum commission banks provide for the issuance of money for wages. As a rule, its size is 0.5-1%.

We looked at how to withdraw money from the current account of LLC.