ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of February 3, 2017 No. 64

About approval of Provisional regulations for the minimum requirements to procedure for conducting cash transactions by business entities in the Kyrgyz Republic

For the purpose of determination of the minimum requirements to procedure for conducting cash transactions by business entities in the Kyrgyz Republic, according to 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 Provisional regulations for the minimum requirements to procedure for conducting cash transactions by business entities in the Kyrgyz Republic according to appendix.

2. To public service of regulation and supervision of the financial market under the Government of the Kyrgyz Republic in two-month time to develop the project of the regulatory legal act providing regulation that the procedure for conducting cash transactions by business entities in the Kyrgyz Republic is determined by the Government of the Kyrgyz Republic.

3. To impose control of execution of this resolution on department of finance and credit policy of Government office of the Kyrgyz Republic.

4. This resolution becomes effective after fifteen days from the date of official publication and is effective within twelve months.

Appendix

Provisional regulations for the minimum requirements to procedure for conducting cash transactions by business entities in the Kyrgyz Republic

1. General provisions

1. These Provisional regulations establish the minimum requirements to procedure for conducting cash transactions by business entities in the Kyrgyz Republic.

2. Operation of these Provisional regulations does not extend on:

- the banks and other financial credit institutes licensed by National Bank of the Kyrgyz Republic;

- budgetary institutions.

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 these Provisional regulations the following terms and determinations are used:

- business entities - the legal entities, individual entrepreneurs registered according to the legislation of the Kyrgyz Republic, who are engaged in independent business and other activity;

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

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

- the cash book - the accounting sheets constituted according to certain form completed with ball pen or in electronic form (by means of the computer equipment) in which transactions with values are reflected, are considered receipts and their issue;

- the cash document - the cash document (the cash receipt order, the cash payment order, the receipt and other document forming the basis for carrying out transaction) 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;

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

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

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

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

2. Acceptance of cash

5. Acceptance of cash in cash desks of business entities is made according to cash receipt orders of the KO-1 form according to appendix 1 to these Provisional regulations, the signed accountant and the cashier (in their absence - the head).

The document confirming acceptance of cash is the receipt in the KO-1 form according to appendix 1 to these Provisional regulations issued behind signatures of the accountant and cashier, certified by seal of business entity or the cashier's stamp.

6. When filling cash receipt orders of KO-1 the cashier shall check availability and correctness of filling of all details for compliance to Rules of filling of cash documents according to appendix 2 to these Provisional regulations.

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

7. Receipt cash orders of KO-1 and the receipt to them shall be completed by the accountant accurately and clearly ink or ball pen or by means of the computer equipment. Erasures, blots or corrections, in these documents are not allowed.

In cash receipt orders of KO-1 the bases for their creation are specified and the documents attached to them are listed.

Issue on hands of cash receipt orders of KO-1 to the persons placing or receiving money is not allowed.

Acceptance of money according to cash receipt orders of KO-1 can be made only in day of their creation.

8. Receipt cash orders of KO-1 or pay-sheets after receipt of money according to them are immediately signed by the accountant and the cashier (in their absence - the head) with putting down of stamp or seal, with indication of date (number, month, year).

3. Cash disbursement of money

9. Cash disbursement of money from cash desk of business entity is made according to the cash payment order in the KO-2 form according to appendix 3 to these Provisional regulations or according to pay-sheets, the signed accountant and the cashier (in their absence - the head).

If on the documents attached to cash payment orders by KO-2 there is allowing text of the head of business entity, its signature on cash payment orders of KO-2 is not obligatory.

10. When filling cash payment orders of KO-2 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 of KO-2 and pay-sheets shall be completed by the accountant accurately and clearly ink or ball pen, or with use of the computer equipment. The erasure, blots or corrections in these documents are not allowed.

In cash payment orders of KO-2 the bases for their creation are specified and the documents attached to them are listed.

Issue on hands of cash payment orders of KO-2 or the pay-sheet to persons receiving money is not allowed.

Issue of money according to cash payment orders of KO-2 can be made only in day of their creation.

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