The classification of foreign exchange accounts is as follows:
1. According to the nature of foreign exchange accounts or sources of foreign exchange funds, it can be divided into current account foreign exchange accounts and capital account foreign exchange accounts.
The income of current account foreign exchange accounts comes from trade, services and other current account foreign exchange, such as foreign exchange settlement accounts, temporary accounts to be paid and overseas donation accounts.
Current account foreign exchange accounts are divided into unit current account foreign exchange accounts and individual foreign exchange settlement accounts. The income of foreign exchange account in capital account comes from foreign exchange in capital account, such as capital account, foreign debt account and foreign currency stock account of foreign-invested enterprises.
Capital account foreign exchange accounts are divided into capital foreign exchange accounts and foreign debt accounts.
2. According to the functions of accounts, they can be divided into two categories: foreign exchange settlement accounts and special accounts.
Foreign exchange settlement accounts are used for current account settlement, such as foreign exchange settlement accounts of Chinese-funded enterprises and foreign-invested enterprises.
Special account, that is, an account used to deposit specific foreign exchange income or for specific foreign exchange expenditure, such as overseas donation account, loan repayment account, temporary account, etc.
According to the account currency, it is divided into various freely convertible foreign currency accounts such as US dollar account, Hong Kong dollar account and Japanese yen account.
3. According to the form of funds in the account, it can be divided into cash account and cash account.
4. According to the account opening period, it is divided into temporary account and long-term account.
5. According to the account opening area, it is divided into remote account and local account.
The account-opening entity shall abide by the Provisions on Annual Inspection of Foreign Exchange Accounts in Current Account of Chinese-funded Enterprises in Domestic Institutions and relevant supplementary provisions. The annual inspection time is1~ April every year. The specific inspection of the account shall be carried out by the accounting firm entrusted by the account opening unit. The foreign exchange bureau shall verify the list of designated accounting firms once a year and announce it to the account opening unit. The account-opening unit chooses its own accounting firm to conduct annual inspection on its account.