The activity of any business entity is impossible without settlements with suppliers. They are carried out by servicing banks through payment orders. This document is the basis for writing off funds available on the current account of the company. For the implementation of cash flows, the business entity applies to the servicing financial organization, which executes its instructions. Further, having accepted the payment order of the executing bank, the recipient bank deposits the corresponding amount into the settlement account of its client. Thus, the fulfillment of the obligations concluded in the contract.
The payment form is executed by the payer. This document has the established form and contains the details, the presence of which is necessary for the transfer of funds. Their indication must be made taking into account the requirements contained in the regulatory legal acts of the bank, the Ministry of Finance, the Federal Treasury of Russia, etc. Details must be put down in the fields intended for them. Information corresponding to regulatory requirements is entered into each of them.
The form of the document, which is provided to the bank for the transfer of money, contains a field under the number twenty-four, which should contain the purpose of the payment. This attribute is affixed in the form of text information. It consists of several mandatory parts. The first of them is the purpose of the payment. The company, settling with suppliers, depending on the conditions contained in the contract, can transfer a certain monetary equivalent until the moment when the corresponding goods are received. In this case, the information part of the destination details indicates that an advance payment is made. Money can be debited from the payer's account even after receiving the products (services or works). In this case, the field “Purpose of payment” contains information on the final settlement. If the transaction concluded between the buyer and the seller is classified as large, then a partial transfer of funds may be made. In this case, an explanation of the partial transfer of money is given.
The next required information that is available in the field “Purpose of payment” is an indication of the name of the goods, services, works. It lists the products that are received by the buyer, and in case of advance payment will be shipped by the seller. This can be furniture and building materials, equipment and vehicles, installation work, dry cleaning services, etc.
Further, the payer must indicate the dates and numbers of documents according to which the goods were received (invoices, acts of acceptance of work, etc.). It is imperative to refer to the signed contract. The text shall indicate its serial number and date of conclusion.
The purpose of the payment in the payment order must contain information on the time period for debiting the money from the account of the paying organization. A separate line is a record of value added tax included in the amount to be written off. In the event that a product or service is subject to preferential treatment, in accordance with applicable law, an explanation is given of the absence of VAT.
The Central Bank of the Russian Federation has established a limit on the number of characters used in the purpose of payment. It should be a maximum of two hundred and ten.
If a federal money is transferred by a payment order, the text of the “Purpose of Payment” field should begin with the budget financing classification code in brackets. The personal account of the recipient organization, which is open to it at the state treasury, must also be indicated.