How to account for export business finance? I m a newbie, please point out which high level finger,

Let's take a look at some of the aspects.

Summary. Hello: The accounting treatment of the export business is as follows, and the accounting treatment when purchasing is, borrowing:

Inventory goods, tax payable - VAT payable (input tax), credit: accounts payable, etc. The accounting treatment at the time of export is, borrowing:

Accounts receivable and other accounts, credit: main business income. Carry forward costs, borrowed:

Cost of Principal Operations, Credit: Inventory Goods. Calculate export tax rebates, borrow:

Other receivables - export tax rebates receivable (VAT), credit: taxes payable - VAT payable (export tax rebate). Actual receipt of tax refund, borrowed:

How to deal with the accounting of export business?

Hello: The accounting treatment of the export business is as follows: when the purchase of the accounting treatment is, borrow: inventory goods, tax payable - VAT payable (input tax), credit:

accounts payable and other accounts. When exporting, the accounting treatment is, debit: accounts receivable and other accounts, credit:

Main business income. Carry-forward costs, borrow: cost of main business, credit:

Inventory items. Calculation of export tax rebates, debit: other receivables - export tax rebates receivable (VAT), credit:

Tax Payable – VAT Payable (Export Tax Rebate). Actual tax refund received, debit: bank deposit, credit:

So is the export syrup also a tax refund product?

Hello: Export syrup is the amount of products that belong to the tax rebate.

First, it is necessary to pay attention to:

1. The purchase of import and export commodities cannot be deducted. (After the VAT reform, can the VAT invoice for the domestic cost of freight ** be deducted?) The processing methods vary across the country, and it is best to deal with it after communicating with the local tax bureau);

2. The difference in the tax refund rate is the same as that of the production enterprise, and is included in the cost of the main business.

2. Common accounting treatment:

1. The purchased goods are ready for export.

Borrow: Inventory of goods.

Tax Payable – VAT Payable (Input Tax) 17%.

Credit: Accounts Payable Bank Deposits.

2. According to the tax refund rate corresponding to the purchased goods, calculate the tax refund amount receivable and the transfer cost.

Debit: Other receivables - export tax rebates receivable - VAT Amount excluding tax in supply invoice * Tax refund rate.

Credit: tax payable - VAT payable - export tax rebate 13% (this voucher can be made according to the summary table of tax refund declaration after the export tax rebate declaration is reviewed and approved).

Borrow: Cost of main business.

Credit: tax payable - VAT payable - input tax transferred out 4%3, out of the posture open the door documents are collected and the information is complete, the declaration is successful, the tax bureau has completed the review, and the tax will be refunded.

Borrow: Bank deposit.

Credit: Other Receivables - Export Tax Rebates Receivable - VAT.

In the event of export sales, borrow: accounts receivable Borrow: cost of main business - export sales.

Credit: Sales Revenue--Export Loan: Inventory Commodities.

At the same time, export income USD * RMB exchange rate * (tax rate - tax refund rate) - tax exemption and tax refund shall not be exempted and deducted tax credit = tax exemption and tax deduction shall not be exempted and deducted Debit: production cost - input tax transfer (tax exemption and tax refund shall not be exempted and deducted).

Credit: Tax Payable - VAT Payable - Input Tax Transferred Out.

According to the deduction of the current period calculated according to the export sales, the accounting treatment is debited: tax payable - VAT payable - export tax offset for domestic products.

Credit: tax payable - VAT payable - export tax rebate.

According to the tax refund amount incurred in the statement, debit: other receivables - product export tax rebate.

Credit: tax payable - VAT payable - export tax rebate.

When receiving the tax refund, borrow: bank deposit.

Credit: Other Receivables - Product Export Tax Rebate.

First, the export accounting treatment of general foreign trade enterprises: Receipt of water bill: borrow: bank deposit.

Credit: Receivable (pre)receipt.

Cost carried forward: borrowed: cost of principal business.

Credit: Inventory of goods.

If the refund rate is different from the input tax rate, the difference between the input tax and the refund rate is included in the cost.

Expenses incurred: management expenses, operating expenses, and financial expenses are included separately. Export Tax Rebate Accounting Treatment: Borrow: Non-operating Income.

Credit: Taxes payable - VAT payable (export tax rebate) Second, the accounting process of export foreign trade 1Foreign currency receipts are retained for write-off of the bank bill.

2.Reminder to write off the form and customs declaration, at this time if the factory invoice does not come, also need to be urged.

3.With the verification form, the verification copy of the customs declaration form, and the verification copy of the bank water bill go to the bank for sealing.

4.Then the electronic port online for the verification form to submit the document.

5.The verification form with the verification form and the customs declaration form shall be filled in and written off at the State Administration of Foreign Exchange.

6.Bind the tax refund copy of the verification form, the tax refund copy of the customs declaration form, the proforma invoice, the factory VAT invoice, the invoice certification list, and the income detail account and declare the tax refund on the DynaSky technology software, and print the corresponding information.

7.The above information will be sent to the Inland Revenue Department.

Third, the export tax rebate accounting treatment of foreign trade enterprises: according to the input VAT, after certification, and then according to the difference between the VAT and the tax refund amount

Entries: Borrow: Cost of Principal Operations.

Credit: Tax Payable Input VAT transferred out.

Debit: Accounts receivable.

Credit: Operating income.

When receiving this part of the subsidy, borrow: bank deposit.

Credit: Subsidy receivable is included in the export tax rebate according to the tax rate of the VAT invoice.

However, the export tax rebate should be rewarded by the state, because it should be included in the export tax rebate receivable.

The Inland Revenue Department will return the refund to your account on a regular basis.

Included when the tax refund is received:

Debit: Bank deposit.

Credit: Export tax rebate receivable.

If there is a difference, the difference is included in the cost.

When Exporters Receive Foreign Exchange: Borrow: Bank Deposit - USD Account Financial Expense - Handling Fee Financial Expense - Exchange Gain or Loss (if any).

Credit: Accounts Receivable - Overseas Customers (USD).

At the time of foreign exchange settlement: debit: bank deposit - local currency account Financial expense - exchange gain or loss Credit: bank deposit - foreign currency account.

If the borrower is less than the credit, it is an exchange loss, which is in blue; If the debit is greater than the credit, it is the exchange proceeds, in red).

Tax exemption and tax refund shall not be exempted and deducted = export sales amount shall be converted into RMB (tax rate - tax refund rate) shall be calculated and the tax exemption and tax refund shall not be exempted and deducted, and the VAT credit at the end of the period shall be refunded.

Borrow: Other Receivables - Tax Refund Receivable Credit: Tax Payable - VAT Payable - Export Tax Rebate.

Cost carried forward: borrow: cost of main business - cost of self-operated export Credit: tax payable - VAT payable - input tax transferred out.

In this industry, there is no absolute top brand, because the existing platforms have their own advantages and shortcomings. The foreign trade management software itself is a difficult thing to do, it is complicated, the user is troublesome, it is simpler, the user feels that the function is less, the crowd is difficult to adjust, and the family is desperately fighting, so it is difficult to guarantee the after-sales service. I still hope that as a user, I will think about what I need, try it more, and make the most suitable choice for myself.

As a foreign trade CRM with lightweight customer management and automatic approval as the main function, it is fast and practical, so you can try it.