How to make accounting entries for the handling fee of the bank receiving foreign currency payment

Borrow: Finance Expenses - Interest Income - External Banks (in red).

Borrow: Bank deposit.

Bank charges.

Borrow: Finance Fee - Financial Institution Fee.

Credit: Bank deposits.

Fee entries are easy to understand, generally for interest income entries do not understand why in the debit negative number, in fact, for the result, the negative debit and credit are the same, but there are generally two reasons for this:

The first is that the software itself is defective, and the amount incurred is obtained when preparing the report (the profit and loss category may have as many debits and credits at the end of the period, and the balance is always zero). If somewhere only take the debit amount of financial expenses, remember that the credit is wrong, the software statement is wrong (at present, many software has corrected this defect), the second is the understanding of accounting terms: the use of "rush" and "turn", the so-called "rush" is the meaning of reversal, that is, the original way to flush back, that is, "how to come, how to go".

The balance of the "transfer" and "flush" usage methods is the same, but the amount incurred is different. The interest income from bank deposits should have been used as income, but general enterprises do not have the qualifications for this amount, and it is illegal to do income. Therefore, it is stipulated that the financial expenses should be written off, so the negative number is debited to the financial expenses.

Debit: Bank Deposit - USD USD 990 RMB 990 * The exchange rate you selected for your accounting.

Credit: Accounts receivable - a USD990 RMB990 * the exchange rate at which you make the accounts.

Borrow; Finance Fee - Handling fee USD10 RMB10 * exchange rate selected by you for accounting.

Borrow; Accounts receivable - a USD10 RMB10 * the exchange rate you selected for the accounting.

Hello, bank deposit.

The spot exchange rate of RMB Bidan (USD*Spot Exchange Rate) is generally the foreign currency exchange rate of the bank on the same day.

Credit: Bank Deposit - USD Account Please see the following example:

For example, if a USD account transfers $100 to a RMB account, and the RMB account income is 730 yuan, the accounting exchange rate is, then:

Debit: Bank Deposit RMB Account 730 (actual credited amount).

Credit: Bank Deposit USD Account 720 (Foreign Currency * Accounting Exchange Rate).

Credit: Finance Expense.

Exchange gain or loss 10 (difference between the two).

Note that the "Finance Expense Exchange Gain or Loss" may be incurred on the debit side or on the credit side, depending on the circumstances.

According to the exchange rate of the day, it is converted into RMB for bookkeeping, and then adjusted at the end of the month to determine the exchange profit or loss.

Accounting Standards. Stipulates that the amount of foreign currency shall be converted into the base currency amount of the account at the spot exchange rate on the date of the transaction at the time of initial recognition; It is also possible to use an exchange rate determined in accordance with a systematically reasonable methodology that is similar to the spot exchange rate on the date of the transaction.

1. When collecting foreign exchange.

Debit: Bank Deposit - USD Account (Exchange rate by.

Credit: Foreign exchange accounts receivable.

2.At the time of foreign exchange settlement.

Borrow: Borrow: Bank Deposit - RMB Account.

Exchange gains and losses. Loan Bucket Tour: Bank Deposit - USD Account (100 USD) (according to the exchange rate of the bank at the time of foreign exchange settlement, that is, the ** price of the bank on the day of foreign exchange settlement).

How to make accounting entries when the bank receives the foreign currency payment handling fee.

Borrow: Finance Expenses - Interest Income - External Banks (in red).

Borrow: Bank deposit.

Bank charges.

Borrow: Finance Fee - Financial Institution Fee.

Credit: Bank deposits.

The above content analyzes in detail how to write accounting entries against USD/RMB? It also analyzes how to make accounting entries for the handling fee of the bank receiving foreign currency payment? I don't know if you financial friends know it?

If you have any other questions about this content, you are welcome to pay attention to the accounting coach, you can have a professional Q&A teacher to answer your questions, and you can also listen to the relevant ** courses for free!

1. The accounting entries for bank remittance fees and interest received are: (1) The accounting entries for bank remittance fees are: debit

Finance Charges - Handling Fees Credit: Bank Deposits (2) When Interest Received: Borrow:

Bank Deposit Credit: Financial Expenses - Interest Income 2, Financial Expenses refer to the financing expenses incurred by enterprises in the process of production and operation to raise funds. It includes interest expenses (minus interest income), foreign exchange gains and losses incurred during the production and operation of enterprises (some enterprises such as commodity circulation enterprises and insurance companies are separately accounted for and are not included in financial expenses), handling fees of financial institutions, cash discounts incurred or received by enterprises, etc.

However, the interest expenses incurred during the preparation period of the enterprise should be included in the start-up expenses; The borrowing costs that should be capitalized for the acquisition, construction or production of assets that meet the conditions for capitalization shall be accounted for in the accounts of "construction in progress" and "manufacturing expenses".

1. The accounting entries for the payment of bank charges are:

Borrow: Finance Expenses.

Credit: Bank deposits.

2. Description. The "Financial Expenses" account accounts for the financing expenses incurred by the enterprise to raise the funds required for production and operation. This includes interest expense (minus interest income), foreign exchange gains and losses, and related handling fees, cash discounts incurred or received by the company, etc.

This account is the "loss" of the profit and loss category, and the increase in expenses is debited when financial expenses are incurred.

The payment of bank charges is included in the financial expense account, and the specific entries are as follows:

Borrow: Finance Charges – Bank Charges.

Credit: Bank deposits (bank direct debit deposits as handling fees) cash in hand (cash payments).

Financial expenses refer to the expenses incurred by enterprises in order to raise funds required for production and operation. The specific items are: net interest expense (the difference between interest expense and interest income), net exchange loss (the difference between exchange loss and foreign exchange gain), handling fees of financial institutions, and other expenses incurred in raising production and operation funds.

Pay attention to how to make accounting entries for global online school bank fees.

If you pay a bank fee related to financing business such as a loan, it will be included in the finance expense (financial institution fee) account.

If you pay a fee for the day-to-day business of the bank, then you can include it in the management expense account (office expenses).

The payment of bank charges is included in the financial expenses, debited: financial expenses.

Credit: Bank deposit (or cash).