Debit: bank deposit

Credit: accounts receivable

Financial expenses ~ exchange gains and losses

How to keep an account when the company receives a sum of US dollars in cash?

Foreign currency is not recorded in advance accounts and financial expenses; When the settlement of foreign exchange is recorded, the bank deposit is directly calculated at the current fixed exchange rate or real-time exchange rate, and the handling fee is included in the financial expenses; If the sum of the amount of RMB deposited in the bank plus the handling fee is different from the amount of confirmed income, it will be included in the exchange gains and losses.

Therefore, for the company to receive a sum of US dollars in cash and change the US dollars in the bank account into RMB, the accounting entries are as follows:

Debit: Bank deposit-RMB account

Loan: Bank deposit-USD account

1. Foreign exchange can be collected only after export declaration.

2. There is no invoice for advance payment.

3. It needs to be filed with SAFE.

Debit: Bank deposit-USD account (converted at the exchange rate given by the tax at the beginning of the month). Both USD and RMB are registered at the same time. Foreign currency account page.

Credit: Accounts Receivable-Customer Name

When the dollar is settled,

Debit: Bank deposit-RMB

Borrowing or lending: financial expenses-exchange gains and losses

Loan: Bank deposit-USD account.

Accounting treatment of exchange gains and losses

First of all, accounting standards stipulate that enterprises can use the spot exchange rate on the trading day or the approximate exchange rate of the spot exchange rate when conducting foreign currency accounting. In other words, it is not necessary to use the exchange rate on the first day of the month.

Secondly, when calculating the ending exchange difference, the ending spot exchange rate is adopted.

Give a simple example:

For the goods sold on October 3rd, 65438/KLOC-0, the receivable is USD 65438 +00000, and the exchange rate of that day is 7.6; 65438+1October 3 1 exchange rate is 7.7; In February 10, the payment was recovered, and the exchange rate on that day was 7.5.

1. When selling (regardless of relevant taxes):

Debit: accounts receivable 76,000 (65,438+00,000× 7.6)

Loan: The main business income is 76,000 yuan.

2. Month-end adjustment:

Debit: accounts receivable1000 (10000× 7.7-76000)

Credit: financial expenses-exchange difference 1000

3. Upon receipt:

Debit: Bank deposit-75,000 USD (65,438+00,000× 7.5)

Financial expenses 2000(76000+ 1000-75000)

Credit: accounts receivable 77,000.

How to account for export accounts receivable in RMB and receive US dollars? When you find that the functional currency recorded before collection is different, remember to add a financial expense entry, so that the company's accounts can be balanced. If the company is involved in export business, the probability of using US dollars or other currencies for accounting treatment increases, and the finance department should also understand the corresponding accounting treatment regulations.