Accounting entry:

Borrow: loan (short-term or long-term) principal

Borrow: interest payable? Accrued interest

debit: financial expenses without interest

loan: bank deposit

The financial expenses incurred by the enterprise are accounted for in the "financial expenses" account, and a subsidiary ledger is set up according to the expense items for detailed accounting. The financial expenses incurred by the enterprise are debited to the subjects of "financial expenses" and credited to the subjects of "bank deposits" and "accrued expenses".

the interest income and exchange income of the enterprise offset the debit. At the end of the month, all the financial expenses collected by the debit will be transferred from the credit of the "financial expenses" account to the debit of the "profit this year" account, which will be included in the current profit and loss. After carrying forward the current service fee, there is no balance at the end of the "financial fee" subject.

Extended information:

The accounting rules of the "financial expenses" account are as follows: the financial expenses incurred shall be debited to this account and credited to relevant corresponding accounts; The interest income and exchange income that should be deducted from the financial expenses shall be debited to the corresponding subjects and credited to the subjects.

at the end of the period, the balance of undergraduate programs should be transferred to the subject of "profit this year". In the income statement, a single item of "financial expenses" reflects the financial expenses incurred by the enterprise, and is filled in according to the amount of the "financial expenses" subject, that is, the balance carried forward at the end of the period.

1. review of interest expenses

(1) whether the interest expenses incurred by the enterprise in the current year really belong to the interest expenses that should be borne by the profits and losses of the current year, and whether the interest expenses that should be borne by the previous year or infrastructure projects are included in the profits and losses of the current year.

(2) Whether the range of interest expenses is in compliance, pay attention to review whether the handling of interest expenses of different natures is correct. Generally speaking, the accrued interest expenses of current liabilities of enterprises are included in financial expenses.

the accrued interest expenses of long-term liabilities of an enterprise are included in the start-up expenses during the preparation period, financial expenses during the production and operation period, and liquidation profits and losses during the liquidation period.

those related to the purchase and construction of fixed assets or intangible assets before their completion shall be included in the value of the purchased assets; The fines and liquidated damages of enterprises are included in non-operating expenses.

(3) Check whether the deposit interest income has offset the interest expense, and whether the calculation is correct, especially pay attention to the month with large fluctuation range, and analyze the reasons.

2. Accounting treatment of bank handling fees. According to the industry accounting system, the bank charges included in the accounting of "financial expenses" refer to the relevant financing expenses incurred by enterprises in the process of raising funds (such as borrowing, issuing bonds, raising funds, etc.). There are generally two kinds of bank fees paid by enterprises:

First, the fees paid for raising funds for enterprises;

the second is the handling fees paid in the process of bank settlement, such as handling fees for letter (electricity) remittance, post and telecommunications fees, and the cost and handling fees paid for purchasing blank checks, money orders, drafts, etc.

the former should be included in the accounting of "financial expenses" according to regulations, while the latter should not be accounted for in the accounting of "financial expenses" because it does not belong to the expenses incurred by enterprise financing. Generally, a second-level account can be set up under "management expenses" for detailed accounting.

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