Generally, enterprises involved in foreign exchange business will have a foreign currency account for foreign exchange settlement. It is estimated that it is difficult to give you a specific concept just by words. Let me give you an example, which may be more helpful to your understanding. Suppose an enterprise receives foreign exchange remittance from customers, assuming that it is USD 65,438+0,000, and the median price between USD and RMB announced by the People's Bank of China on the day of receiving USD is 6.3 (generally based on the median price announced by the People's Bank of China on that day), then you should make a voucher to receive XX.

Debit: bank deposit-foreign exchange account-USD 6,300 (1000 * 6.3) (foreign currency account should have local and foreign currency bank account books).

Debit: accounts receivable-RMB 6,300 from XX Company (assuming that the goods have been delivered at that time, it is recorded in accounts receivable).

If the exchange rate when accounts receivable were recorded in the past is different from the exchange rate when accounts receivable are recorded now, the difference is recorded in the financial expense-exchange gain and loss account. Assuming that the exchange rate when the accounts receivable were recorded at that time was 6.4, then the account amount of accounts receivable -XX Company at that time was 1000*6.4=6400, and the difference with the current 6300 was 100 yuan, which means that the above accounting entries should be recorded in exchange gains and losses.

Debit: bank deposit-foreign exchange account -6300 USD (1000 * 6.3).

Financial expenses-exchange gains and losses ￥ 100

Loan: Accounts receivable-RMB 6,400 from XX Company.

Step 2: If your company settles foreign exchange on the same day, then enter it into the account.

Debit: Bank deposit-RMB account 6300 yuan.

Loan: bank deposit-foreign exchange account -6300 USD (1000 * 6.3).

If it takes several days to settle foreign exchange at this time, then the difference between the settlement exchange rate and the middle price announced by the People's Bank of China is recorded as exchange gains and losses (assuming that the settlement exchange rate on that day is 6.25 and the middle price is 6.3), then

Debit: bank deposit -6250 yuan (1000 * 6.25)

Financial expenses-exchange gains and losses of $50

Loan: bank deposit-foreign exchange account -6300 USD (1000 * 6.3).

Generally speaking, in practical work, you can fix the exchange rate for one month, and then adjust it according to the central parity announced by the People's Bank of China on the last day of each month. Some enterprises have a small business volume or even adjust it once every six months, hoping to help you.