Input processing of purchasing foreign exchange first and then paying foreign exchange
First, to open a foreign currency account, a company must first open a foreign currency bank deposit account;
II. Purchase of foreign exchange. For example, if an enterprise purchases foreign exchange of US$ 654.38+million in RMB, the accounting entries to be prepared are as follows: (Assuming the exchange rate is 6)
Debit: bank deposit -60 USD (10×6)
Financial expenses 2
Loan: Bank deposit -62 yuan.
Iii. Payment to foreign companies, entries:
Debit: accounts payable-book balance of USD 60 (10×6)
Loan: bank deposit -60 USD (10×6)
Or, directly enter:
Debit: accounts payable-book balance of USD 60 (10×6)
Financial expenses 2
Loan: Bank deposit -62 yuan.
So, how to deal with the situation of purchasing foreign exchange first and then remittance in US dollars?
1. Enterprises can conduct accounting according to the actual real-time exchange rate.
2. If calculated according to the middle price of the day, the specific accounting entries and calculation methods are as follows:
Debit: Bank deposit-USD account (central exchange rate * USD)
Financial expenses (price difference)
Loan: bank deposit-RMB account (bank selling rate * USD)
Debit: Accounts payable (USD accounting)
Loan: Bank deposit-USD account
The difference between purchasing foreign exchange and paying foreign exchange
Payment of foreign exchange refers to the behavior of financial institutions approved to engage in foreign exchange business to pay foreign exchange from their foreign exchange accounts or purchase foreign exchange abroad after reviewing the valid vouchers and commercial documents provided by foreign exchange users and individuals in accordance with the provisions on the management of foreign exchange sales and payment. Purchase of foreign exchange is to buy foreign currency with RMB (not to remit money directly from foreign currency households), and then pay foreign exchange after purchasing foreign exchange.