Cash settlement pool
Cash settlement is the symmetry of transfer settlement. It refers to the direct use of cash to settle accounts receivable and payable in commodity transactions, labor supply and other economic transactions. It is one of the forms of monetary settlement. In our country, it is mainly applied to the small amount of payment between units and indivials below the starting amount of cash settlement
transfer settlement, also known as "non cash settlement" and "transfer settlement", refers to the monetary collection and payment behavior of transferring funds from the payer's account to the payee's account through the bank instead of cash settlement, which is mainly used for the collection and payment of funds between units e to commodity transaction, labor supply and fund allocation
transfer settlement is a form of currency settlement. It can be divided into two types: settlement in the same city and settlement in other places. Its characteristics are: on the basis of bank credit, taking deposit account as the condition, using bank credit revenue and expenditure to replace cash flow
extended data:
compared with transfer settlement, cash settlement has the following characteristics:
1, direct and convenient
in the cash settlement mode, the buyer and the seller hand in the money and hand in the delivery, and the money and goods are cleared face to face, so there is no need to go through the intermediary, so it is the most direct and convenient for the buyer and the seller. Similarly, in terms of labor supply, credit deposit and capital allocation, cash settlement is the most direct and convenient, so it is widely accepted by the public
2. Insecurity
because cash is widely used and convenient, it has become the main target coveted by criminals and is easy to be stolen, * *, misappropriated. In real economic life, most economic crimes are related to cash. In addition, cash is also easy to be lost e to fire, insect, rat bite, etc
It is not easy to control and manage macroscopicallybecause most of the cash settlement is not carried out through banks, it is difficult for the state to control it. Too much cash settlement will cause too much cash in circulation, which is easy to cause inflation and increase the pressure on prices
The cost was higheralthough the use of cash settlement can rece the bank's handling costs, it costs a lot to count, transport and keep. For the whole country, too much cash settlement will increase the cost and loss of printing, keeping, transporting cash and recycling waste cash, and waste human, material and financial resources
Therefore, the State implements cash management and limits the scope of cash settlementcash settlement is the symmetry of transfer settlement. It refers to the direct use of cash to settle accounts receivable and payable in commodity transactions, labor supply and other economic transactions. It is one of the forms of monetary settlement in China, it is mainly applicable to the collection and payment between units and indivials, as well as the sporadic small amount collection and payment between units below the starting amount of transfer settlement. There are two main channels for cash settlement: one is that the payer directly pays the cash to the payee, not through intermediary agencies such as banks; The other is that the payer entrusts the bank and non bank financial institutions or non-financial institutions such as post office to pay the cash to the payee transfer settlement refers to the monetary collection and payment behavior of transferring money from the payer's account to the payee's account through the bank instead of cash settlement. It is mainly used for the collection and payment of money between companies e to commodity transaction, labor supply and fund allocation. Transfer settlement is a form of currency settlement. It can be divided into two types: settlement in the same city and settlement in other places. Its characteristics are: on the basis of bank credit, taking deposit account as the condition, using bank credit revenue and expenditure to replace cash flow< br />
transfer settlement is also called "non cash settlement" and "transfer settlement", which refers to the monetary collection and payment behavior completed by transferring money from the payer's account to the payee's account through a commercial bank
(1) direct and convenient. In the cash settlement mode, the buyer and the seller hand in the money, hand in the delivery, face-to-face money and goods, without intermediary, so it is the most direct and convenient for the buyer and the seller. Similarly, in terms of labor supply, credit deposit and capital allocation, cash settlement is the most direct and convenient, so it is widely accepted by the public
(2) insecurity. As cash is widely used and convenient, it has become the main target coveted by criminals and is easy to be stolen, embezzled and embezzled. In real economic life, most economic crimes are related to cash. In addition, cash is also easy to be lost e to fire, insect, rat bite, etc< (3) it is not easy to control and manage macroscopically. As most of the cash settlement is not carried out through banks, it is difficult for the state to control it. Too much cash settlement will cause too much cash in circulation, which is easy to cause inflation and increase the pressure on prices< (4) the cost is high. Although the use of cash settlement units can rece the bank's handling costs, but its inventory, transportation, storage costs are very large. For the whole country, too much cash settlement will increase the cost and loss of printing, keeping, transporting cash and recycling waste cash, and waste human, material and financial resources
therefore, the State implements cash management and limits the scope of cash settlement.
payment and settlement can be divided into broad sense and narrow sense. In a narrow sense, payment and settlement refers to the behavior that units and indivials use bills (including cheques, promissory notes, bills of exchange), bank cards and exchange, collection and acceptance, entrusted collection and other settlement methods to carry out monetary payment and fund settlement in social and economic activities. Its main function is to complete the transfer of funds from one party to another. In a broad sense, payment settlement includes cash settlement and bank transfer settlement. As a legal act, payment and settlement has certain legal characteristics.
(1) wages and allowances of employees< (2) remuneration for personal services< (3) Awards for science and technology, culture and art, sports, etc. awarded to indivials in accordance with state regulations< (4) all kinds of labor insurance, welfare expenses and other expenditures for indivials stipulated by the state< (5) the price of purchasing agricultural and sideline procts and other materials from indivials
(6) the travel expenses that must be carried by the business travelers< (7) sporadic expenditures below the starting point of settlement< (8) other expenditures determined by the people's Bank of China to be paid in cash
the starting point of settlement in the preceding paragraph is set at 1000 yuan. The adjustment of the starting point of settlement shall be determined by the people's Bank of China and reported to the State Council for the record
except for items (5) and (6), the amount of money paid by the account opening unit to an indivial exceeding the cash limit shall be paid by check or cashier's check; If it is necessary to pay cash in full, it shall be paid in cash after verification by the Bank of deposit.
the State encourages account opening units and indivials to settle accounts by transfer in order to rece the use of cash
Article 3 in addition to the use of cash in accordance with the provisions of these regulations, the economic transactions between the account opening units shall be settled through the account opening bank< Article 4 the people's Bank of China at all levels shall strictly perform the functions and responsibilities of the financial authorities and be responsible for supervising and auditing the cash management of the Bank of deposit
in accordance with these regulations and the provisions of the people's Bank of China, the Bank of deposit shall be responsible for the specific implementation of cash management, and supervise and manage the income and expenditure and the use of cash of the unit of deposit< br />< Article 5 an account opening unit may use cash within the following scope:
(1) wages and allowances of employees< (2) remuneration for personal services< (3) Awards for science and technology, culture and art, sports, etc. awarded to indivials in accordance with state regulations< (4) all kinds of labor insurance, welfare expenses and other expenditures for indivials stipulated by the state< (5) the price of purchasing agricultural and sideline procts and other materials from indivials< (6) the travel expenses that must be carried by the business travelers< (7) sporadic expenditures below the starting point of settlement< (8) other expenditures determined by the people's Bank of China to be paid in cash.