Ministry of Higher and Secondary Special Education of the Republic of Uzbekistan Tashkent State University of Economics

1.2. Tasks of cash accounting.

Monetary settlements are a necessary condition for the implementation of expanded reproduction.

Any organization for settlements with employees, suppliers, budget, etc. must have funds in two types: in cash and on accounts in banking institutions. Payments on the territory of Uzbekistan are made by cash and non-cash settlements. Settlements are a system of organization and regulation of payments for monetary claims and obligations. They arise from agricultural organizations with suppliers for the inventory purchased from them; with contractors for the work performed and services rendered; with buyers for the products sold to them and the work performed for them; with insurance companies for property insurance; with banks regarding cash and credit services of enterprises; when fulfilling obligations of the re-financial and credit system, to workers and employees for remuneration, etc.
Cash payments are cash payments (paper money and coins). Central Bank of the Republic of Uzbekistan. sets a limit on the amount of cash settlements between legal entities for one payment. Settlements for an amount exceeding the established amount can only be made in a non-cash manner.
Non-cash settlements are carried out by transferring funds from the payer's account to the recipient's account in a credit institution (bank)⁵.
Agricultural organizations are obliged to keep their funds in settlement, currency, special accounts, and in their cash register they can have cash within the limits set by bank institutions in agreement with the heads of enterprises.
The main objectives of cash accounting and settlements are:

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  timely and correct documentation of cash flow transactions and settlements;
  
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  operational, day-to-day control over the safety of cash and securities in the cash register of the enterprise;
  
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  control over the use of funds strictly for the intended purpose:
  
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  control over correct and timely settlements with the budget, banks, personnel;
  
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  monitoring compliance with payment forms established in contracts with buyers and suppliers;
  
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  timely reconciliation of settlements with debtors and creditors to exclude overdue debts.