The English word for Verification is "verification", which refers to a business in which a processing trade enterprise submits some data such as processing trade registration manual and special import and export customs declaration form to the customs after processing according to the contract requirements, and the customs examines the contents of the contract to determine whether it is necessary to go through the formalities of collection, exemption, tax refund or overdue payment. There are many contents of write-off, including loan write-off, bad debt write-off and processing trade write-off. In some enterprises, write-off mostly refers to reducing bad debts. Write-off is very suitable for many enterprises, units and individuals, because write-off is to check a part of each bill to avoid mistakes in some bills, which will lead to account details errors. After the write-off, it is clear whether there is any mistake in the accounts. Write-off can avoid economic losses, especially for enterprises and units.

Brief introduction of write-off

Write-off refers to a processing method after the financial department posts various transactions. The most common way is payment, because accountants always post accounts through prepaid accounts in advance, and then post them to accounts payable when the other party settles accounts. The financial department will then calculate and offset the advance payment and payable. In this way, the borrower who prepays can clearly see how much money should be paid to the other company; Accounts payable lenders can also calculate how much to settle with the other party according to the amount incurred. Write-off can be applied to many financial aspects, such as write-off of export income, which is the restriction of export income by foreign exchange management departments in export trade. Write-off also facilitates the State Administration of Foreign Exchange to check which funds have been received.