Debit: bank deposit -XXX account (RMB)

Loan: bank deposit -XXX account (USD)

(Exchange difference is included in financial expense-exchange gain/loss account)

2. Settlement of foreign exchange is the abbreviation of foreign exchange settlement, which is divided into two situations: individual settlement and company settlement. It must be handled in a bank or online bank. At present, many banks in China can handle it.

In addition, exchange gains and losses are generally caused by exchange rate differences. For example, the original contract with the customer was settled in dollars, and the receivable was 300 dollars. At the time of bookkeeping, the benchmark exchange rate of the US dollar against RMB (the median price announced by the People's Bank of China) was 1:6.5, and now it has become 1:6.3. Then the difference of 300*(6.5-6.3)=60 here is recorded in the exchange gain and loss of financial expenses.

Extended data:

The method of foreign exchange settlement is the way that the consignor or his agent of export goods collects foreign exchange through the bank. The code of settlement method is divided into remittance, collection, letter of credit and others.

1. Remittance includes:

(1) Remittance: The buyer will hand over the payment to the bank at the place of import, and the bank will issue a payment power of attorney, mail it to the bank at the place of export, and entrust it to pay the seller.

(2) T/T: At the request of the buyer, the bank at the place of import directly sends a payment authorization by telegram, entrusting the bank at the place of export to pay the seller.

(3) Remittance of draft: The buyer buys a bank draft from the bank at the place of import and sends it to the seller, and the seller or his designee takes the ticket to the relevant bank at the place of export to withdraw money.

2. The series includes:

(1) D/P means that the seller instructs the remitting bank to hand over the documents only if the buyer pays for the goods.

(2) D/A: After the buyer accepts the bill of exchange, he can obtain the documents, take delivery of the goods, and pay the payment when the bill is due.

3. Letter of credit: A letter of credit is a certificate that the bank guarantees the payment of the buyer and the seller. According to the buyer's application, the bank will open a letter of credit to guarantee payment, that is, as long as the seller submits documents that meet the requirements of the letter of credit, the bank will guarantee payment.

Baidu encyclopedia-settlement of foreign exchange