Business of the majority individual entrepreneurs associated with constant cash flow Money. And this process is not limited to accepting retail payments from individuals. Entrepreneurs often pay in cash for goods, services, business transactions etc. Any entrepreneur, regardless of the field of business, receives personal income.

It would be appropriate to remember that Russian legislation does not separate the property of an individual entrepreneur as a business asset and his personal property as an individual. Money in a wallet and in a checking account are treated the same, but the way they are handled is different.

For those individual entrepreneurs who have not opened a bank account, finding cash is not a particular problem; they receive it from their own cash register. Those who have significant retail turnover do the same. But a fair share of entrepreneurs receive non-cash transfers to or transfer proceeds to it at the cash desk. For these individual entrepreneurs, withdrawing money from the account is an important source of financing.

Withdrawing cash from an individual entrepreneur's current account can have different meanings.

• This is how they earn personal income.
• This is what they do to pay salaries to employees.
• This is how they pay for some current expenses and business operations.

How to withdraw money from an individual entrepreneur's current account?

First of all, you need to study all the legal cash withdrawals for individual entrepreneurs, then choose the most profitable ones. The benefit of such operations will consist not only in their price, but also in the absence of the risk of breaking the law.

However, there are options for hassle-free and sometimes free cash withdrawal from an entrepreneur’s account. Most often there are 4 such methods:

• at the cash desks of the bank servicing the account;
• using corporate cards;
• through personal ;
• by checkbooks.

The latter option is becoming less and less common and may be canceled in the near future, with checks being replaced by bank cards. This should not be considered a loss; filling out checks required attention, mistakes were “punishable” by rewriting the entire sheet again. To withdraw a large amount by check, you had to submit a preliminary application to a bank branch.

Corporate bank cards (cash cards) are a more progressive and convenient method. Money can be transferred to a card account or a card can be opened for a current account. You can withdraw cash from the card at cash desks and ATMs. You can pay with the card in stores, just like a regular plastic card.

But! Payments with such a card should be used for business needs, and not for personal expenses. However, there are no restrictions on payments and cash withdrawals.

The table shows that each bank has its own system for assigning interest on withdrawals. But the general trend is to assign a larger (%) commission on larger amounts.

However, the commission for issuing money is not the only criterion for the benefits of working with a bank; there are other payments that, not directly, but indirectly, fall on the general expenses of the entrepreneur. Important aspect there is the availability of the bank and the geography of its branches. There are no regions in Russia where you will have to look for how to withdraw money from a Sberbank current account. But some small banks are not so widespread; cash on their cards will have to be withdrawn from other people’s devices and cash desks, often with an additional commission.

How to correctly reflect a withdrawal in accounting?

Issuing money for favorable conditions does not mean that you will not have to pay for it in the future. Here, entrepreneurs who incorrectly maintain personal accounting may find themselves in a worse position. The biggest problem is the “cyclic error”, when identical transactions are constantly reflected in the wrong transactions. Especially if the money is withdrawn not only for personal consumption, but as working capital. Then each such revolution, i.e. Based on the results of the audit, cash withdrawals will be subject to tax, to which will be added the amount of penalties for non-payment, etc.

To avoid problems, withdrawal must be formalized:

• or as income of an individual entrepreneur and the issuance of funds to him in cash;
• or as income for individual entrepreneurs and payment of cash needs.

It is better to periodically check the correct names of transactions and numbers of debit and credit entries with professional accounting consultants.

How can an individual entrepreneur withdraw money from his current account with minimal financial losses? There are several possible ways. Let's look at each of them in this article so that you can choose the best option.

○ Methods for withdrawing cash from an individual entrepreneur’s current account?

There are four ways to withdraw cash from an individual entrepreneur’s current account:

1. Using a cash card ( corporate card).
2. Through a checkbook.
3. Through the cash desk of a banking organization.
4. By transfer to debit card individual.

No other options are provided. Let's look at each of them in more detail.

✔ Corporate card.

When opening a current account, the bank manager offers the entrepreneur to issue a corporate card. It is linked to your checking account and allows you to withdraw cash from an ATM without any additional steps.

The main advantage of using a corporate card is the absence of additional manipulations to withdraw money from a current account. However, there is usually an additional fee for this service. The conditions must be clarified with the bank manager.

✔ Checkbook.

The use of a checkbook has almost sunk into oblivion. However, some people still use this method of withdrawing cash.

The advantage of this method is availability at any time. Alas, there are no more positive aspects. It takes 1-3 days to cash a check. In addition, such transactions are subject to VAT. In this case, the withdrawal fee is debited from the current account automatically. After this, the bank provides the entrepreneur with an invoice to justify the write-off.

✔ Cash desk of a banking organization.

Withdrawing cash from a current account through a bank teller avoids the need to pay a commission. However, this method involves certain difficulties.

To receive funds through a cash desk, you must contact the bank branch where the current account is opened and write an application. The text contains the details of the individual entrepreneur and the purpose of the payment (for example, “for personal needs”).

Based on the application and subject to the presence of a civil passport, the cashier will give you the requested amount. Everything happens quite quickly.

✔ Individual debit card.

This method is used by IP quite often. It is convenient if you have remote access to manage your current account.

A transfer is made from a current account to a personal bank card entrepreneur as an individual. In this case, a minimum commission is charged.

A significant disadvantage is that you won’t be able to receive funds instantly. You will have to wait approximately one banking day. In addition, a certain limit is set for the transfer of funds, beyond which it will not be possible to withdraw money in this way.

○ Bank commissions.

For doing almost everything banking operations a commission is charged. Withdrawing cash from an individual entrepreneur's current account is no exception. What exactly the commission will be depends on the purpose of the transfer and the method of withdrawing cash.

✔ Through an ATM from a corporate card.

When withdrawing money from an ATM using a corporate card that is linked to an individual entrepreneur's current account, the commission is usually higher than with other withdrawal methods.

For example, in Sberbank the commission fee is 3%, while in other organizations the tariff can reach 5-6%.

✔ Withdrawal of funds for personal needs.

An individual entrepreneur has the right to spend the money he earns on personal needs without restrictions. This is the fundamental difference between an individual entrepreneur and the founder of an LLC.

Letter of the Ministry of Finance of Russia dated August 11, 2017 No. 03-04-05/39905:
Funds that remain in the current account of an individual entrepreneur after paying taxes, fees and mandatory payments, can be used by him for personal purposes. Taxation of amounts of funds transferred from current account an individual entrepreneur to the account of an individual is not provided for by the Code.

When withdrawing money for personal needs, the commission is usually small. Each bank has its own tariffs, but on average the commission varies between 1-2%. In addition, there is often a minimum commission threshold in rubles. For example, the commission may be 1%, but not less than 150 rubles. That is, even if you withdraw a thousand rubles, the bank will still withdraw 150 rubles in accordance with the tariff.

✔ For a salary.

If money from an individual entrepreneur’s current account is cashed out to pay wages, then the commission amount usually does not exceed 1%. However, you need to understand that if the entrepreneur does not have employees, then it will not be possible to withdraw money from the account with a minimum commission.

Some businessmen think that on a payment slip in the “Purpose of payment” column you can write “to wages IP." However, this formulation is illegal, since an individual entrepreneur cannot calculate his own wages. Most likely, the bank will refuse to carry out such an operation.

✔ Transfer to the entrepreneur's personal debit card.

When transferring to a personal debit card of an entrepreneur, which he owns as an individual, the minimum percentage. For example, in Sberbank it is 1%.

In this case, cash is actually withdrawn not from the current account, but from personal card, so the bank will not charge a fee for cashing out. The businessman will be able to withdraw money from an ATM in the usual way.

✔ Reporting.

An individual entrepreneur is not required to keep strict records when withdrawing cash from a current account. However, it is recommended to have it in hand to present it to the tax office if required.

When generating a payment document, you must indicate the amount and purpose of the payment. In this case, the payment is considered fully processed from the point of view of the law. The fact of cash withdrawal itself is not reflected in the individual entrepreneur’s reporting.

An individual entrepreneur's account differs from a regular card or current account regarding the rules established for its use. So, if money is withdrawn from a card through an ATM, then there are certain rules and restrictions regarding cashing out an individual entrepreneur’s account. Moreover, the use of an individual entrepreneur’s account for cash withdrawal is regulated not even by the bank’s rules, but by the legislation of the Russian Federation.

How to withdraw cash from an individual entrepreneur's current account

Of course, withdrawing funds directly from an individual entrepreneur’s account is permissible only to cover strictly defined expenses related to the activities of the entrepreneur.

An entrepreneur does not have the right to simply cash out an account and spend the funds for his own needs.

You can directly withdraw from the account the money that will be spent on the current needs of the business. It could be:

• Payment of rent and utility bills;
• employee salaries;
• payment of state-imposed payments and fees.

Such funds are not only tax-free, but are also deducted from the entrepreneur’s profit. Frequent withdrawals of large funds through cash transactions may result in the bank requiring the entrepreneur to confirm cash expenditures.

This is an obligation for banks in accordance with Law No. 115-FZ

However, not all funds received into the account for a certain period are spent on these expenses. What to do if you need to withdraw money for your own needs or personal use?

Video

This video presents options for legally withdrawing cash from an organization, while at the same time you will learn how to reduce taxes and insurance premiums.

Legal features when withdrawing money

According to accepted Civil Code, entrepreneur as a person, leading activities at his own peril and risk, he can fully dispose of all his own funds, including those located on.

The legislation does not generally separate the personal property of a person engaged in business activities from the property used to conduct business.

Taking into account the peculiarities of such an organizational form as individual entrepreneurship, the law allows the use of any part or all of the property of an individual entrepreneur for any not prohibited purposes.

At the same time, in the event of bankruptcy, the entrepreneur is responsible to creditors, including the state in the event of tax debt, with all his property.

However, withdrawal of funds for personal needs directly from the entrepreneur's current operating account is not permitted. This restriction is imposed by Decree 1843-U, adopted Central Bank back in 2007 and listing the purposes for which funds can be withdrawn.

There are no “personal goals” specified in this Directive. Thus, in order to use cash without problems and restrictions, you must first transfer funds to a card opened for a private person.

Card withdrawal fee

Of course, banking institutions do not offer services for transferring funds to a card for free. Let's consider the tariffs of the most popular banking institutions in the country charged for this service.

Sberbank offers two options for transferring funds from an account to a card. When using an online account, 1% of the amount is charged for the service, but not more than 1000 rubles.

If the transaction is carried out at a bank branch, 2% is charged, and maximum amount the commission will be 1500 rubles.

There are no restrictions on the amount of the transfer itself.

Alfa Bank sets tariffs depending on the withdrawal amount calculated per month. Alfabank tariffs for withdrawing funds to a card of the same bank are presented in the table below:

Tinkof business provides an interest-free transfer for individual entrepreneurs to a card opened in the same bank, with a transfer amount of up to 100 thousand.

If the limit is exceeded, 1% of the amount is charged, plus 99 rubles of a fixed payment.

Binbank Recently changed the tariffs for such services. On this moment transferring funds to any Binbank card will cost 0.7%.

In this case, the amount minimum commission cannot be less than 100 rubles.

Bank Point has developed uniform tariffs for transfers to an individual’s card when choosing any service package for individual entrepreneurs.

The commission will be 0.5%, but not less than 150 rubles.

At the same time, in each tariff you can transfer a limited amount of funds - from 300 thousand in the Economy package to 100 thousand in the Lowcost package.

Raiffeisen establishes interest-free transfers of funds to individual accounts in the amount of up to 100 thousand monthly in the Start package, up to 200 in the Basic package and up to 700 in the Maximum package.

Transferring funds above the specified amounts will cost 1%.

Withdrawal process

Withdrawal for needs specified by law can occur in two ways:

1. The first is at the cash desk of a branch of the relevant bank;
2. The second is through a card linked to the account, at an ATM or terminal.

In the first case, you will need to have a checkbook - a document strict reporting. Before you receive cash from your own account. The entrepreneur fills out the counterfoil and the main part of the check. The main part is handed over to the bank employee, the spine remains in the book for record keeping.

To withdraw cash, you do not need to indicate any transactions. This is the difference between doing business by entrepreneurs who are not required by law to keep accounting and use its tools.

Transaction Purposes

It is important that when withdrawing funds, you must correctly indicate the purpose of the operation. After all, suspicions about illegal activities with funds may arise not only from the tax office, but also from the bank.

In this case, the bank suspends transactions and may even freeze funds until all issues are clarified, which will significantly complicate doing business.

The purpose of the transaction may be to withdraw funds to pay wages, to purchase goods and services necessary for the business, to pay fees and taxes.

By law, direct withdrawal of money for personal purposes can only be registered as the receipt of dividends. The features of such an operation must be considered separately.

How to withdraw for personal needs

A cash withdrawal for the personal needs of an entrepreneur is formalized exclusively as the receipt of dividends with entrepreneurial activity. This way you can withdraw any necessary amount without restrictions and spend it at your discretion.

Of course, it is necessary to take into account that the withdrawn funds tax service will begin to pay mandatory personal income tax.

In addition, it must be taken into account that each bank independently determines how much cash an individual entrepreneur can withdraw from his current account for personal needs.

Exceeding the limit in some banks increases the commission charged for services, and in some it is not provided for at all.

There is currently no legal limit on the amount of funds withdrawn.

Making transactions

It is worth considering that the law allows entrepreneurs to conduct transactions with cash payment. An individual entrepreneur can pay in cash for any goods and services. Received from other entrepreneurs, from enterprises and from individuals. Withdrawals from the account occur most often for such needs.

At the same time, a limit has been set on these transactions.

Only transactions worth no more than 100 thousand rubles can be carried out “in cash”.

However, this restriction does not apply if the payment is made not to a business entity, but to a private individual.

It is important to note that transferring money to a card account does not constitute cashing it out, therefore this type of payment cannot be considered a cash transaction. Accordingly, the limit established by the Central Bank resolution does not apply in this case.

Shadow business

Close attention to operations to withdraw funds from an account is due to the fact that they are often the final stage of various money laundering schemes. In this case, funds are usually written off as payment for goods or services that were not actually delivered.

Other needs that are supposedly being used are often indicated. withdrawn funds. All these methods have one thing in common - goals that are not subject to taxation are indicated, and vice versa - they are deducted from tax amounts.

Therefore, a violator of the cash withdrawal rules may be suspected of committing illegal tax evasion and money laundering. You must remember this and always follow the law when dealing with cash.

How to withdraw cash from an individual entrepreneur's current account without commission?

Legal withdrawal of funds without paying a bank commission is possible only when transferring money to a card issued to an individual - the holder of an individual entrepreneur account. Some banks do not charge fees for such transactions.

Thus, transfers of up to 50 thousand rubles will be free at Alfabank. Almost any amount can be transferred without commission to an individual’s card account to Tinkoff Bank clients. Doesn't charge for similar service commissions also from Raiffeisenbank.

To clients of others banking organizations You can withdraw funds through the bank's cash desk. To do this, you will need to write and submit an application to the bank in advance, in which you must indicate the amount to be withdrawn, as well as the purpose of these funds. On the specified day, the entrepreneur comes to the bank and withdraws money from the account at the cash desk, without deducting any extra commissions.

Accounting entries

When an individual entrepreneur withdraws money from a current account, no entries are made only if the entrepreneur does not maintain accounting documents. However, in practice, without accounting control Many entrepreneurs don't get by.

If an individual entrepreneur withdraws money from a current account under the simplified tax system, he can use one of the twelve standard ones for 1C accounting entries– from “received at the cash desk from the account” to “Money to employees on account.”

However, in practice this means complicating record keeping.

After all, the use of standard 1C postings forces you to draw up a lot of documents, which you can completely do without, for example - advance reports. It is much easier and more practical to keep records using a book of income and expenses that does not require documentary reporting.

Reporting

Strict reporting when using a current account is not an obligation imposed on an entrepreneur by law. However, maintaining it will significantly simplify the life of an individual entrepreneur when communicating with representatives of tax authorities.

Total income and expenses (or, depending on the chosen taxation, only income) are indicated in tax return for a year or quarter. However, registration individual transactions on the account, including cash withdrawals, is the responsibility of the bank, not the entrepreneur.

Advantages of non-cash payments

The trend towards an increase in the number of non-cash payments in the gross number of transactions indicates their convenience in conducting honest and transparent business. In fact, non-cash has a number of advantages.

With it there is no need to think about transaction limits.

After all, no more than 60 thousand rubles can be carried out in cash per transaction.

Some entrepreneurs get out of the situation by breaking one large purchase into several small ones. However, in the case of purchasing one indivisible product (for example, some kind of mechanism, car, etc.) similar practice does not work.

Cash transactions require additional expenses and bearing significant risks associated with the transportation, storage and transfer of funds. It is precisely such payments that are the field of activity for various scammers and other criminals. Non-cash transactions significantly protect the entrepreneur from illegal actions.

Finally, bank documents can easily confirm payment for goods or services in the event. if you are doing business with a dishonest partner. This can be very useful during legal proceedings.

Possible difficulties during withdrawal

The main problems when withdrawing funds from an account in cash are related to two aspects - spending funds for non-commercial purposes directly from the entrepreneur’s vehicle, and transferring money to the card to third parties.

In the first case, such actions may be considered illegal already at the level of the bank servicing the individual entrepreneur’s account.

Such a transaction may be blocked, and the entrepreneur will face unpleasant explanations with bank employees.

In the second case, the money will be withdrawn, but the tax authorities will regard it as funds transferred during the implementation of any transaction. If the card holder is not the entrepreneur himself as an individual, but his relative or employee, tax will be withheld from these funds.

In addition, the bank may charge additional fees for such transactions.

The best option is to withdraw such funds exclusively to your own card account, followed by withdrawal of funds using an ATM. Such actions will be legal and least expensive.

Non-cash payments are the most common and most convenient form of payment among organizations and individual entrepreneurs. As part of its business, an individual entrepreneur can receive non-cash amounts in the form of payment for shipped goods, as well as transfer funds from a current account as repayment of debt for work performed. In this article we will tell you how an individual entrepreneur can withdraw money from a current account to use it for personal needs and production activities.

The legislative framework

In the course of conducting business, an individual entrepreneur can make payments both in cash and in non-cash form. At the end of the reporting period, the individual entrepreneur is obliged to transfer to the budget taxes established by the applicable law. tax system, after which the funds remaining in the current account can be used by the entrepreneur for personal needs. The table below shows the legislative justifications that allow individual entrepreneurs to manage funds in their current account:

No.	Regulatory document	Description
1	Letter of the Ministry of Finance No. 03-04-05/39905 dated 08/11/14	According to the explanations of the Ministry of Finance, the funds that remain in the individual entrepreneur’s current account after he has paid all established taxes and fees can be used by the entrepreneur at his own discretion, including for personal purposes. Additional taxation of the balance of amounts in in this case not provided.
2	Letter of the Central Bank No. 03-04-05/39905 dated 02.08.12	An individual entrepreneur who withdraws funds from his own current account is not required to report on the purposes for which the funds are used (including when they are used for personal purposes), nor to draw up an advance report.

Features of withdrawing funds from an individual entrepreneur's current account

As we can see, current legislation does not prohibit individual entrepreneurs from withdrawing funds from their current account and using them at their own discretion. Having cashed out money, the individual entrepreneur has the right to:

• invest them in business development;
• spend on the purchase of goods, equipment;
• spend on personal needs. Read also the article: → "".

When withdrawing funds from an individual entrepreneur’s current account, the following features should be taken into account:

1. The vast majority of credit institutions charge a commission when withdrawing funds. An individual entrepreneur's current account is no exception in this case. The amount of the commission depends on the terms of the agreement between the bank and the individual entrepreneur. As a rule, the commission is set as a percentage of the withdrawal amount, and in the case of cashing out small amount the bank may charge a commission in the established amount minimum size(for example, 1.25% of the withdrawal amount, but not less than 50 rubles).
2. All individual entrepreneur transactions with cash must be carried out in strict accordance with the procedure for maintaining cash discipline. According to legislative changes, which came into force in 2014 and 2017, individual entrepreneurs have the right to a simplified form of management cash transactions. But despite this, it is recommended to approach the implementation of legislative norms very responsibly, in order to avoid possible disputes and disagreements with regulatory authorities in the future.
3. Credit institutions have the right to control intended use large sums, which the individual entrepreneur withdraws from the current account. This norm is regulated by Federal Law-115. Thus, if an individual entrepreneur regularly and systematically cashes out large sums (100,000 rubles or more), the bank has the right to demand from the individual entrepreneur a written explanation of the purposes for using the funds, as well as documents confirming the expenses incurred (work completion certificates, invoices, receipts, delivery notes , etc.).

Methods for withdrawing funds from an individual entrepreneur's current account

Next, we will dwell in detail on the mechanism for withdrawing funds from a current account for the subsequent use of individual entrepreneur funds for personal needs. Current practice provides for the three most optimal ways to withdraw funds: simple cash withdrawal, transfer to an individual’s current account and to a bank deposit.

Cashing at a bank cash desk

The easiest option for withdrawing funds from an individual entrepreneur’s current account is to receive cash at the bank’s cash desk. To do this, the individual entrepreneur will need to fill out a checkbook or payment order, which indicates the withdrawal amount and the purpose of the payment (“Issue of funds for personal needs”, “Transfer own funds"). We emphasize that the purpose of the payment “Issuance of wages to individual entrepreneurs” is incorrect and contradicts current legislation(clarifications from the Federal Tax Service, Ministry of Finance, Rostrud).

Having received money from the bank, the individual entrepreneur should register the receipt of funds by writing out a receipt cash order. After this, the entrepreneur needs to issue an issue (issuance of a cash receipt order).

The amount issued may be equal to the amount received from the bank or less. Recipient of funds by expense order must act directly as an individual entrepreneur (full name and signature on the cash document are required). Further, the individual entrepreneur can use the treated funds for personal needs, without drawing up additional documents and reporting.

Transfer to an individual's current account

The essence of the method is as follows:

1. An individual entrepreneur opens two bank accounts: one as an entrepreneur, the second as an ordinary citizen.
2. All payments within the framework of production activities are carried out on the individual entrepreneur’s account. Taxes and fees are paid from the same account.
3. After execution tax obligations, The individual entrepreneur transfers the balance of funds to the individual’s account. After this, the entrepreneur can use the money for personal needs, withdrawing cash from an ATM and paying by card.

This method has a number of significant advantages:

1. The entrepreneur does not bear the costs of withdrawing funds from the current account. If both accounts (for individual entrepreneurs and for individuals) are opened in the same bank, then most likely no commission will be charged when transferring funds between them. When withdrawing cash from an ATM from an individual’s card, the commission, as a rule, is also not charged.
2. IP is not required to register any cash documents. Since all payments are carried out by the bank, and the individual entrepreneur just withdraws money from an ATM (or pays by card), the entrepreneur does not need to issue expenses and receipt orders and fill out the cash book. Read also the article: → "".

To clarify all the conditions for transfers between current accounts, it is recommended to carefully read the bank agreement.

Transfer to a bank deposit of an individual

If an entrepreneur does not plan to incur any expenses, but he needs to withdraw money from the individual entrepreneur’s account, then he can transfer it to a savings account. The algorithm of actions is similar to that described above:

• An individual entrepreneur opens two bank accounts (one for individual payments, the second is a deposit account for an individual);
• payment for goods/services is made from the individual entrepreneur’s account, and proceeds from sales are also transferred to this account;
• Having paid taxes from the individual entrepreneur’s account, the entrepreneur transfers the remaining amount to a deposit account;
• replenishment of the deposit account can be carried out systematically throughout the validity of the agreement;
• upon expiration of the agreement, the individual entrepreneur can withdraw the amount accumulated on the account + interest, or continue to replenish the account by extending the agreement.

The period during which an individual entrepreneur can withdraw the accumulated amount depends on the terms of the concluded agreement.

Hello! In this article we will talk about ways to cash out an individual entrepreneur’s current account.

Today you will learn:

1. For what purposes is it permissible to withdraw money from an individual entrepreneur?
2. How can I get cash?
3. What needs to be indicated in the payment instructions when withdrawing funds for personal purposes.

Do I need an individual entrepreneur current account?

You can withdraw money from your account in the following ways:

• Using a checkbook. This is an outdated option and is rarely used today. From each withdrawn amount is calculated. In this case, the wait for money lasts up to three days. You can write the check in your name;
• Using a card. It attaches to current account and is available for cashing. If you have been connected to the Internet banking service, you can monitor transactions online;
• Using an individual's account. If you open an account for an individual, you can safely transfer money from the individual entrepreneur’s account to it. Using the card, you can withdraw money through an ATM. Funds are transferred within 24 hours. This method is the most convenient, as it allows you to get cash without going to the bank. This is especially important when the bank has a day off. If you transfer to your personal account, you will not pay any taxes. If you indicate another person (friend, relative) as the recipient of funds, the latter will have to pay. This operation is assessed by the bank as carried out on a commercial basis, and the profit received by another an individual, must be taxed;
• Through a bank cash desk. Most likely, when issuing large amounts, you will need to make a preliminary withdrawal request. Typically the waiting period is 1 - 5 days. This is due to restrictions on the amounts that can be held in the bank's cash desk in the form of cash.

Depending on the bank's conditions, different fees may be charged for any transaction. To make it minimal, withdraw funds through an individual’s card.

In order for an individual entrepreneur to withdraw money through a bank branch, you need to take with you:

• Passport;
• Map (if necessary).

How to withdraw money

In order to receive funds for personal purposes from a current account, you must complete the following steps:

• WITH necessary documents Contact a specialist at the bank where the account is opened. It can be opened in any bank, for example, Sberbank is suitable;
• Fill in payment order or make an appointment at checkbook with a personal signature. Usually the payment order is filled out by the operator himself in electronic format, then printed and handed over to the client for data verification and signature;
• The bank operator gives you the required amount;
• Capitalize the received money to the individual entrepreneur's cash register using a cash receipt order;
• Withdraw funds from the cash register by issuing a cash debit order.

How is the amount issued confirmed?

To avoid problems with the tax authorities and confusion in your own calculations in the future, collect all documents that relate to movements on the current account.

Such documents may be:

• Agreements concluded with counterparties;
• Cash receipts (sales receipts are also suitable);
• Money orders;
• Invoices;
• Payroll for the issuance of wages to hired personnel;
• Invoices.

If you don’t have supporting papers, the tax office will ask you a lot of questions. To avoid unpleasant situations, keep a special journal in which all documents will be taken into account. They will confirm your “purity” before tax office and will prevent.

What purpose should be indicated in the order?

Often entrepreneurs (especially beginners) do not know how to correctly formulate a phrase indicating the transfer of funds for personal purposes. After all, if it is incorrectly designated, the tax will be written off.

There are no strict requirements in this matter. You can specify the goal as you see fit. However, it should clearly reflect the direction in which funds are spent specifically on your needs.

The following wording is allowed:

• For personal needs;
• For personal purposes of the entrepreneur;
• Entrepreneur's income.

In some cases, a bank specialist may ask you to additionally record “VAT is not subject to tax.” The phrase “entrepreneur’s salary” and others with a similar essence are not allowed to be used. An individual entrepreneur cannot issue wages to himself. He is an employer of hired workers and receives income from business turnover.

Accounting of account transactions

Accounting displays the inflows and outflows of funds through several entries. Each operation has its own essence and is reflected differently in the report.

If the individual entrepreneur has calculated his income, then the latter will be indicated as follows:

The issuance of funds from the cash register looks like this:

The issuance of money from a bank account is not reflected in the individual entrepreneur’s accounting. This transaction is recorded only in bank accounts.