The invention provides a binding machine for bills and files. The binding machine for bills and files comprises a machine frame, a transfer device, a drilling module, an upper hot riveting head module, a lower hot riveting head module, a conductive rubber pad module, a lifting device, a paper pressing device, a binding pipe conveying device, a binding pipe in-place detecting device and a transverse moving workbench. The transfer device comprises a transfer shaft, a rotating support rotating by taking the transfer shaft as the axis, and a rotating driving device for driving the rotating support. The transfer device is arranged in the machine frame, the drilling module, the upper hot riveting head module, the lower hot riveting head module and the conductive rubber pad module are all arranged on the transfer device, and the lifting device, the binding pipe conveying device, the binding pipe in-place detecting device and the transverse moving workbench are all arranged on the machine frame. The machine frame is provided with a paper pressing locking device. The binding machine for bills and files is simple in mechanical structure, has the advantages of small size, low weight, low costand intelligence, has a good assembling process, can effectively improve binding efficiency, and completely meets the requirements of office supplies.