How to do the accounting entries for foreign exchange collection and settlement

Foreign Exchange Receipts Entry: Borrow: Bank Deposit - Account to be Verified.

Credit: Accounts Receivable - Foreign Exchange Receivable.

Foreign Exchange Settlement Entry: Debit: Bank Deposit - RMB (Foreign Currency Transferred * Bank ** Price).

Debit: Financial Expenses - Exchange Gains and Losses (Difference Recorded).

Credit: Bank Deposits - Foreign Currency (Foreign Currency Transferred * Bank Median Rate).

1. In order to account for and reflect the various deposits deposited by enterprises in banks or other financial institutions, the enterprise accounting system stipulates that it should be set up"Bank deposits"The debit side of the account reflects the increase in the company's deposits, the credit side reflects the decrease in the company's deposits, and the debit balance at the end of the period reflects the balance of the company's deposits at the end of the period.

Enterprises should be accounted for and managed in strict accordance with the provisions of the system, and the enterprises should deposit the funds in banks or other financial institutions and debit"Bank deposits"Accounts, credits"Cash"and other related subjects; Debit when withdrawing and disbursing deposits"Cash"and other related accounts, credited"Bank deposits"Subjects.

2、"Bank deposit journal"It should be set up separately according to the opening bank and other financial institutions, the type of deposit, etc., and the cashier shall register one by one according to the receipt and payment vouchers and the order of business development, and the balance shall be settled at the end of each day. "Bank deposit journal"should be used regularly with"Bank statements"Reconcile, at least once a month.

At the end of the month, if there is a difference between the balance of the company's books and the balance of the bank statement, the reasons must be ascertained and dealt with one by one, and it should be prepared on a monthly basis"Bank Balance Reconciliation Statement", the adjustment is consistent.

Foreign Exchange Receipts Entries Debit: Bank Deposits - XX Banks - US Dollar Account Financial Expenses.

Handling fee (commission).

Credit: Accounts receivable.

xx foreign customers.

Foreign Exchange Settlement Entries Debit: Bank Deposits - RMB (Foreign Currency Transferred * Bank ** Price) Financial Expenses - Exchange Gains and Losses.

The difference is included in credit: bank deposits - foreign currency (foreign currency transferred out * bank parity).

Debit: Bank Deposits--RMB (Foreign Currency Transferred Out * Bank ** Price), Borrow: Financial Expenses--Exchange Gains and Losses (Difference Included) Possible Debit Red, Credit:

Bank deposit - foreign currency (foreign currency transferred out * bank median rate), foreign exchange settlement refers to the behavior of enterprises or individuals to buy foreign exchange and sell foreign exchange according to the exchange rate for settlement. The method of foreign exchange settlement is the foreign exchange settlement method of the consignor of the export goods or its ** through the bank. Foreign exchange settlement methods are divided into remittance, collection, letter of credit and others.

1. Foreign exchange settlement entries.

Debit: Bank Deposits--RMB (Foreign Currency Transferred * Bank ** Price) Financial Expenses - Exchange Gains and Losses (Included in the Difference).

Credit: Bank Deposit - Foreign Currency (Foreign Currency Transferred Out * Bank Central Rate) 2. **Accounting for export receipts and payments.

According to bank documents.

Borrow: Bank deposit.

Credit: Foreign exchange accounts receivable.

At the same time, a certain percentage of the handling fee will be charged.

Debit: Bank deposits (foreign exchange accounts receivable).

Credit: Other business income.

Summary. Hello, 1. Foreign exchange settlement entries debit: bank deposits - RMB (foreign currency transferred out * bank ** price) financial expenses - exchange gains and losses (the difference is included) credit:

Bank Deposit - Foreign Currency (Foreign Currency Transferred Out * Bank Central Rate) 2, **Export Receipts and Foreign Exchange Payment Accounting According to Bank Documents Loan: Bank Deposit Credit: Foreign Exchange Accounts Receivable At the same time, a certain proportion of the handling fee is charged**Handling fee Borrow:

Bank Deposits (Foreign Exchange Accounts Receivable) Credit: Other Business Income.

How to do the accounting entries for foreign exchange settlement.

Dear hello, 1. Foreign exchange settlement entries debit: bank deposits - RMB (foreign currency transferred out * bank ** price) financial expenses - exchange gains and losses (the difference is included) credit: bank deposits - foreign currency (foreign currency transferred out * bank median price) 2, ** export foreign exchange receipts, foreign exchange payments are calculated according to bank documents

Bank deposit loan: foreign exchange receivable and including accounts receivable at the same time according to a certain ratio of the old example to charge ** handling fee loan: bank deposit (foreign exchange accounts receivable) credit:

Other business income.

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You can only go to the bank to do it.

It is to make account entries.

Only the bank can issue a receipt.

The accounting entries of the foreign exchange settlement are as follows: borrow: bank deposits - RMB (foreign currency transferred out * bank ** price), financial expenses - exchange gains and losses (the difference is included); Credit:

Lapping up bank deposits - foreign currency (foreign currency transferred out * bank median rate). Foreign exchange settlement refers to the behavior of enterprises or individuals to buy foreign exchange and sell foreign exchange according to the exchange rate for settlement. The method of foreign exchange settlement is the way of foreign exchange settlement of the consignor of the export goods or its ** through the bank.

Foreign exchange settlement methods are divided into remittance, Zhishu collection, letter of credit and others.

The specific practice of foreign exchange settlement accounting entries is as follows:

Suppose the company uses RMB to purchase 1,000 US dollars from the bank, the purchase price is RMB US dollars, and the handling fee provided by the bank is 10 US dollars, and the accounting entries are as follows:

1. Cash bank account borrowing: 6,660 yuan (1,000 US dollars * yuan US dollars).

2. Handling fee payable: 66 yuan (10 US dollars * 10 yuan US dollars).

3. Foreign currency account loan: 1,000 US dollars.

4. Handling fee payable: $10.

In the above accounting entries, the cash bank account needs to be debited, because the company needs to pay the amount of RMB to purchase foreign exchange; Foreign currency accounts and fees payable are credited as they relate to the company's liabilities. In this example, the foreign currency account is increased by $1,000 and the fee payable is also increased by $10. In the foreign exchange settlement operation, the commission provided by the bank is paid by the company, so it needs to be processed accordingly in the accounting entries.

Accounting entries for foreign exchange settlement need to be processed according to the specific operation situation. It should be noted that the reconciliation and processing of accounting accounts must be carried out in accordance with the provisions of accounting standards, and the relevant provisions of the accounting system must be strictly observed to ensure the authenticity and accuracy of accounting records.

Foreign exchange settlement refers to the conversion of foreign currency into local currency, which is used to pay for international**, travel, study abroad and other expenses. Due to the exchange of currencies, there may be risks and costs involved, which need to involve accounting treatment. The accounting entries for foreign exchange settlement generally include two accounts, namely the foreign currency account and the local currency account.

Introduction to foreign exchange settlement

Foreign exchange settlement refers to the conversion of foreign currency into local currency, which is used to pay for international**, travel, study abroad and other expenses. In the context of international globalization and economic globalization, foreign exchange settlement is becoming more and more common, especially for exporters and tourists in some countries, foreign exchange settlement has become an important part of daily economic activities.

The process of a foreign exchange settler usually involves buying and exchanging foreign currency from a bank or foreign exchange company, as well as converting the value of the foreign currency into the local currency. During this process, you may need to pay a fee or exchange rate difference fee, depending on the bank and the amount of the exchange.

The main purpose of foreign exchange settlement is to facilitate the debtor or commercial institution to use the local currency to pay for international goods and services, and at the same time to reduce the risk caused by currency exchange fluctuations or exchange rate instability. Foreign exchange settlement has a certain role in promoting the standardization of international and foreign exchange transactions, as well as national macroeconomic management. In China, there are also certain regulations on foreign exchange settlement, which need to follow the regulations and procedures of the State Administration of Foreign Exchange and other relevant authorities.

Foreign exchange settlement is a kind of operation that converts foreign currency into local currency and is used to pay for international, travel, study abroad and other expenses. Foreign exchange settlement can facilitate debtors or commercial institutions to use their local currency to pay for international goods and services, and can also reduce the risk caused by currency exchange fluctuations or unstable exchange rates.

1. If the remittance unit uses remittance to clear the old debt, it shall prepare a bank deposit payment voucher, and its accounting entries are:

Debit: Accounts Payable – Units.

Credit: Bank deposits.

2. If the remittance unit is to prepay for the purchase of the products of the other party's unit, the bank deposit payment voucher shall be prepared, and its accounting entries shall be:

Debit: Advance payments.

Credit: Bank deposits.

3. If the remittance unit remits the money to the place of purchase and opens a temporary deposit account in the bank at the place of purchase, it shall prepare a bank deposit payment voucher and its accounting entries shall be:

Borrow: Funds in other currencies - deposits in other cities.

Credit: Bank deposits.