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How to confirm income in export business? How to calculate the freight and premium? Looking for accounting entries
1. First of all, freight and insurance are included in other payables.

2. The foreign currency included in the income is the amount of foreign currency after deducting freight and insurance. When compiling income vouchers,

Entry: Debit: Foreign Exchange Receivable Company

Loans: main business income and export income.

Loan: Other Payables-Forwarding Company

Loan: other payables-premium insurance company

3. Borrow entries from other accounts payable-freight forwarding companies when paying freight and insurance premiums.

Borrow: other payables-premium insurance company

Loans: bank deposits

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.