Why does a sole proprietor need a current account in Nalchik?

A sole proprietor is not required to open an account. If desired, they may conduct transactions in cash and pay taxes using payment slips.

However, operating without an account imposes a number of limitations:

• cash settlements under one contract may not exceed 100,000 rubles;
• most counterparties prefer to work with cashless payments, and without Current Account Services, profitable deals may be missed;
  
• obtaining a loan or leasing is most often carried out by non-cash settlement.