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How to settle the bank draft in financial accounting?
The accounting treatment of financial accountants receiving bank drafts is as follows:

1. When a remittance unit entrusts a bank to draw a bank draft, it shall debit the account of "funds in other currencies-bank draft" and credit the account of "bank deposit" according to the power of attorney received. After the bank draft is settled, when the remittance unit receives the fourth copy of the bank draft and the relevant invoice bill transferred from the bank, it debits the relevant subjects such as "material procurement" and credits the subject of "other monetary funds-bank draft deposit".

2. When the payee receives the bank draft, he shall debit the account of "bank deposit" and credit the relevant account.