How To Make Remittance Under The Exchange Settlement Method

The remittance bank entrust a bank to handle the remittance, fill out the letter and telegraphic pfer certificate to the remittance bank, fill in the details of the place of entry, the name of the remittance bank, the name of the payee, the amount of remittance, the purpose of remittance (the military product can be filled out), and so on, and affix the reserved bank seal on the second letter of the letter and the telegraphic pfer certificate.

What we should pay attention to are:

(1) when a remittance unit needs to send a person to the remittance bank to receive remittance, he shall specify the words "leaving the bank to be taken" in the "account or address" column in addition to the name of the payee in the payee column.

Where a remittance is to be made, a specific payee is required to receive the remittance. The name of the receiver should be specified.

(2) individuals and individuals who need to withdraw cash from the remittance bank should fill in the word "cash" in the capitalization column of the "remittance amount" on the letter and the telegraphic pfer certificate, and then close up the capitalization of the remittance amount.

(3) the remittance must not be pferred in the "remarks" column.

(4) remittance requires the receivables to draw from the seal, and the receivables should be set up on the fourth link of the letter of exchange to reserve the bank seal.

The teller of a remittance unit should fill in a quadruple "mail pfer certificate" by mail pfer.

The first couplet of the "mail pfer certificate" is the receipt to the remittance after receiving the letter of exchange remittance; the second union (the payment voucher) is the payment voucher of the pfer bank when the remittance entrusts the bank to handle the remittance; the third (collection voucher) is the collection voucher that will be remitted to the payee's account after the money will be collected; the fourth party (receipt or withdrawal receipt) is notified after the account is directly credited to the payee account.

A withdrawal receipt, or a withdrawal receipt payable by a payee to the payee account.

The telegraphic pfer certificate is in triplicate. The first couplet is the receipt for remittance to the remittance. The second couplet is the supporting voucher for the remittance bank to handle the pfer payment, and the third (power generation basis) is the credential for sending the incoming telegram to the remittance bank.

The remittance unit shall prepare the accounting voucher according to different situations according to the first letter of the bank's return letter and the telegraphic pfer certificate.

If the remittance unit uses the remittance to clear up the old debts, the bank deposit should be compiled.

The accounting entries are:

Borrowing: accounts payable * * units

Loan: bank deposit

If the remittance unit pays the advance payment for the purchase of the other party's unit product, the bank deposit payment voucher should be compiled. Its entry is:

Loan: advance payment

Loan: bank deposit

If the remittance unit remit the money to the place of purchase, it will open a temporary place in the purchasing bank.

The bank deposit payment voucher should be compiled and its entry is:

Borrowing: Other Monetary Funds - foreign port deposits

Loan: bank deposit

Example: Dasheng company purchased goods for a city, entrusted the bank to remit 86000 yuan to a bank in the city by wire pfer, and set up a temporary purchase account.

The bank charges 35 yuan according to the regulations, and deduct it from the account.

The financial department's remittance certificate returned by bank seal is the first to prepare bank deposit payment voucher.

Borrowing: Other Monetary Funds - foreign port deposits 86000

Loan: bank deposit 86000

At the same time, the bank entry payment voucher is collected according to the bank's handling fee. Its entry is:

Borrowing: financial cost 35

Loan: bank deposit 35

After receiving the letter or telegraphic pfer voucher of the remittance, the remittance shall be examined according to the regulations.

The contents of the review include: whether the contents of the letter and the telegraphic pfer certificate are complete and correct; whether there is enough deposit balance in the remittance account, whether the seal covered by the remittance is consistent with the reserved bank seal or so on.

After the examination is correct, the remittance procedure can be processed, and the "pfer" chapter will be returned to the remittance unit on the first return slip, and the service charge will be collected according to the regulations. If the conditions do not meet the requirements, the remittance bank will not handle the remittance formalities and refund the tickets.