Foreign exchange write-off usually includes the following steps:
1. enterprise declaration: import and export enterprises need to declare each foreign exchange income or expenditure and submit relevant documents, such as import and export contracts, invoices, customs declarations, etc.
2. Audit of foreign exchange bureaus: The foreign exchange bureaus audit the application materials submitted by enterprises to ensure the authenticity and compliance of foreign exchange receipts and payments.
3. Settlement and sale of foreign exchange: Enterprises need to settle and sell foreign exchange income or expenses in accordance with the provisions of the State Administration of Foreign Exchange, that is, sell foreign exchange income to designated foreign exchange banks or purchase foreign exchange expenses from designated foreign exchange banks.
4. Write-off: After the settlement and sale of foreign exchange is completed, the foreign exchange administration department shall write off the foreign exchange receipts and payments of the enterprise to confirm the balance of the foreign exchange receipts and payments of the enterprise.
5. Supervision and punishment: The foreign exchange administration department will supervise and inspect the foreign exchange receipts and payments of enterprises and punish enterprises that violate the foreign exchange administration regulations.
The implementation of foreign exchange write-off system is helpful to maintain the order of foreign exchange market, prevent foreign exchange speculation and ensure the safety of national foreign exchange reserves. At the same time, the foreign exchange verification system can also help enterprises to use foreign exchange funds reasonably and reduce foreign exchange risks.