How to do bank charges accounting entries

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.

The fee accounting entries are as follows:

1. First of all, the second-level account of "Handling Fee" should be set up under the "Financial Expense" account, which is specially used to calculate the handling fee.

2. When the handling fee is incurred, the following accounting entries shall be made according to the handling fee receipt.

3. At the end of the period, check the balance of the handling fee account.

4. Carry forward all the account balances to the current year's profits, and the accounting entries are as follows.

5. After the carryover, the balance of the handling fee account should be 0.

1. If the other party's handling fee is directly deducted when remittance, the accounting entry:

Accounting training) borrow: accounts payable, etc.

Credit: Bank deposits.

2. If the handling fee is deducted first, the other party will give the money later. Accounting entries:

Debit: Accounts payable, etc.

Finance Expenses. Credit: Bank deposits.

After the other party gives the handling fee:

Borrow: bank deposit cash.

Credit: Finance Expense.

3. Fees that can be capitalized.

Borrow: Construction in progress Fixed assets Long-term income.

Credit: Bank deposits.

Note: Sorting out the fees that can be capitalized.

1. The stamp duty, commission and handling fee paid for the purchase or redemption of treasury bills shall be included in the long-term investment cost and capitalized;

2. The borrowing, interest and ancillary expenses incurred before the fixed assets reach the intended state of use shall be included in the construction in progress or fixed assets. The handling fee incurred because of the borrowing is recognized as an interest auxiliary cost and is included in the fixed assets together with the interest.

3. The consumption tax paid for the purchase of automobiles shall be included in the cost of fixed assets and capitalized. At the same time, the handling fee for borrowing incurred in the purchase of the car also needs to be included in the cost of the car purchase and capitalized;

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".

The method of accounting entries for handling fees is as follows: Fee income generally refers to fee and commission income, including handling consulting business, guarantee business, custody and other ** business, as well as handling handling fees and commissions obtained from handling investment business.

Accounting entries for fee income.

1. If it is a financial fee (such as remittance fee, etc.), it should be included in the accounting account of financial fee - handling fee, as follows:

Borrow: cash on hand (or bank deposit).

Borrow: Finance Fee - Handling Fee (in red).

2. If it is a handling fee for business and sales, it should be included in the main business income, as follows:

Borrow: cash on hand (or bank deposit).

Credit: main business income.

What are the finance charges?

Financial expenses refer to the expenses incurred by an enterprise in order to raise funds required for production and operation, including but not limited to interest expenses (minus interest income), handling fees of financial institutions, exchange gains and losses (some enterprises such as commodity circulation enterprises and insurance companies are separately accounted for and are not included in financial expenses), cash discounts incurred by enterprises or cash discounts received.

It should be noted that 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 in order to purchase, construct or produce assets that meet the conditions for capitalization shall be accounted for in the accounts of "projects under construction" and "manufacturing costs".

Borrow: Finance Charges - Financial Charges.

Credit: Bank deposits.

Or: should be included in the finance charge-handling fee.

Bank transfer fees.

Debit: Finance Fee - Handling Fee.

Credit: Bank deposits.

The bank receives interest, such as $500.

Borrow: Bank deposit 500

Credit: Finance Charges - 500

It's the same for both manual and computer.

Borrow: Finance Charges - Financial Charges.

Credit: Bank deposits.

Or: should be included in the finance charge-handling fee.

Bank transfer fees.

Debit: Finance Fee - Handling Fee.

Credit: Bank deposits.

The bank receives interest, such as $500.

Borrow: Bank deposit 500

Credit: Finance Charges - 500

It's the same for both manual and computer.

There is no invoice for the handling fee of the payment bank, and the charge voucher printed out by the bank is used for accounting;

The entries are as follows: Debit: Finance Expenses - Handling Fees.

Credit: cash on hand.

The relevant handling fee refers to the handling fee paid for the issuance of bonds (except for the handling fee to be capitalized), the bank charge for issuing the bill, the handling fee for the adjustment of foreign exchange, etc., but excluding the handling fee paid for the issuance**. Let's do a quiz before studying, click on the test, I am not suitable for studying accounting.

It should be included in the finance fee - handling fee.

Bank transfer fees.

Debit: Finance Fee - Handling Fee.

Credit: Bank deposits.

The bank receives interest, such as $500.

Borrow: Bank deposit 500

Credit: Finance Charges - 500

Both manual and computer are the samer

Borrow: Financial Expenses - Handling Fees Credit: Bank Deposits.