ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of June 12, 2018 No. 281

About approval of the Procedure for conducting cash transactions by business entities and budgetary institutions in the Kyrgyz Republic

For the purpose of regulation of procedure for conducting cash transactions by business entities and budgetary institutions in the Kyrgyz Republic, according to article 7 of the Law of the Kyrgyz Republic "About financial accounting", articles 10 and 17 of the constitutional Law of the Kyrgyz Republic "About the Government of the Kyrgyz Republic" the Government of the Kyrgyz Republic decides:

1. Approve the Procedure for conducting cash transactions by business entities and budgetary institutions in the Kyrgyz Republic according to appendix.

2. This resolution becomes effective after fifteen days from the date of official publication.

Appendix

Approved by the Order of the Government of the Kyrgyz Republic of June 12, 2018 No. 281

Procedure for conducting cash transactions by business entities and budgetary institutions in the Kyrgyz Republic

Chapter 1. General provisions

1. This Procedure establishes requirements to conducting cash transactions by business entities and budgetary institutions in the Kyrgyz Republic.

2. Action of this Procedure does not extend to the banks and other financial credit institutions licensed by National Bank of the Kyrgyz Republic.

3. Cash transactions on receiving and delivery of cash, execution of cash documents are performed with use of the standard documents approved by National Statistical Committee of the Kyrgyz Republic.

4. In this Procedure the following terms and determinations are used:

- banknotes, coins - the bank notes of different advantage and type issued and which are in circulation according to the legislation of the Kyrgyz Republic;

- budgetary institution - state body, local government body or the organization created by state body or local government body for implementation of managerial, welfare, scientific and technical or other functions of non-commercial nature which activities are financed by means of the relevant budget;

- the accountant - the person authorized by the head of business entity or budgetary institution, providing maintaining, the organization of financial accounting and bearing responsibility for accounting transactions;

- cash desk - the room intended for storage, receiving and delivery of money and other values;

- the cash book - accounting sheets in which transactions with values are reflected are considered the receipts and their issue filled in written or electronic form;

- the cash document - the cash document (the cash receipt order, the cash payment order, the receipt and other documents forming the basis for carrying out transactions) according to which it is performed and which draws up cash transaction on receiving and delivery of values;

- cash transactions - acceptance, issue and storage of values;

- the cashier - the person authorized by the head of business entity or budgetary institution, performing acceptance, storage, issue and accounting of cash;

- cash - the bank notes in the form of banknotes and coins which are in circulation and being legal means of payment, and also withdrawn or withdrawn from circulation, but subject to exchange bank notes;

- business entities - the commercial organization, the non-profit organization performing the activities which are bringing in it the income, the individual entrepreneur whose professional, the revenue-producing activities according to the legislation of the Kyrgyz Republic are subject to state registration and (or) licensing;

- values - currency values, banknotes and coins, securities and forms of the strict reporting.

Chapter 2. Acceptance of cash

5. Acceptance of cash in cash desks of business entities or budgetary institution is made according to cash receipt orders (the KO-1) form according to appendix 1 to this Procedure, the signed accountant and the cashier (in their absence - the head).

The document confirming acceptance of cash is the receipt (the KO-1) form according to appendix 1 to this Procedure issued behind signatures of the accountant and cashier (in their absence - the head), certified by seal of business entity or budgetary institution.

6. When filling cash receipt orders the cashier shall check availability and correctness of filling of all details for compliance to Rules of filling of cash documents in form according to appendix 3 to this Procedure.

In case of non-compliance with the requirements specified in Items 5-6 of this Procedure, documents return to accounts department for proper registration.

7. Receipt cash orders and receipts to them shall be completed by the accountant accurately and clearly in written or electronic form. Erasures, blots or corrections in these documents are not allowed.

In cash receipt orders the bases for their creation are specified and the documents attached to them are listed.

Detachable receipts to the cash receipt order, with signatures of the accountant and cashier (in their absence - the head), certified by seal of business entity or budgetary institution are issued to persons placing money.

Acceptance of money according to cash receipt orders is made only in day of their creation.

8. Receipt cash orders or pay-sheets after receipt of money on them are immediately signed by the accountant and the cashier (in their absence - the head), with putting down of seal, with indication of date (number, month, year).

Chapter 3. Cash disbursement of money

9. Cash disbursement of money from cash desk of business entity or budgetary institution is made according to the cash payment order (the KO-2) form according to appendix 2 to this Procedure or according to pay-sheets, the signed accountant and the cashier (in their absence - the head).

In the presence on the documents of allowing text of the head attached to cash payment orders, its signature on cash payment orders is not obligatory.

10. When filling cash payment orders the cashier shall check availability and correctness of filling of all details.

In case of non-compliance with the requirements provided by this Item, documents return to accounts department for proper registration.

11. Account cash orders and pay-sheets are constituted by the accountant accurately and clearly in written or electronic form. The erasure, blots or corrections in these documents are not allowed.

In cash payment orders the bases for their creation are specified and the documents attached to them are listed.

Issue on hands of cash payment orders or the pay-sheet to persons receiving money is not allowed.

Issue of money according to cash payment orders is made only in day of their creation.

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