What Is The Exchange? What Are The Characteristics Of The Exchange Settlement?

The exchange can be divided into two types: Mail Transfer and telegraphic pfer according to the different ways of pfer and the way of delivery.

Mail remittance is a remittance settlement method that the remittance holder applies to the bank and pays a certain amount and fee, sending the letter of remittance to the remittance bank by mail, and authorizing the remittance bank to settle a certain amount of money to the payee.

Telegraphic pfer is a way of remittance into a remittance bank where a certain amount of money is paid to the remittance bank. The remittance bank sends a telegram or telex to the destination's branch or agency (remittance), instructing the remitting bank to pay a certain amount of remittance to the payee.

In these two exchange settlement methods,

It is relatively low, but relatively slow, and the speed of telegraphic pfer is fast. However, remittances have to pay higher telegraphic and telex costs, which are usually applied only in case of emergency or when the amount is large.

In addition, in order to ensure the authenticity of the telegram, the remittance password is added to the telegram.

The exchange settlement has wide application scope, simple and convenient procedures, flexible and convenient. Therefore, it is a widely used settlement method at present.

First, exchange settlement, whether it is mail pfer or telegraphic pfer.

The limitation of starting point can be used no matter how much money is available.

Second, exchange settlement is a way of settlement for remittances to make payments in different places.

It is very convenient for adjusting funds, clearing old debts and settling accounts between different units.

The exchange settlement method is also widely used for paction settlement after remittance.

If the sales unit does not have a clear understanding of the creditworthiness of the purchasing unit or the commodity is relatively tight, the purchase unit can make the remittance first, and then deliver the goods after receiving the payment, so as not to return the goods.

Of course, when purchasing units adopt the mode of paction after remittance, they should have a thorough understanding of the unit's credit standing and supply capacity, so as not to blindly remit funds but not receive the goods.

If there is a lack of understanding of the status and supply capacity of the sales unit, the funds can be remitted to the purchasing place, and temporary depositors shall be opened at the place of purchase, and the people shall be supervised and paid.

Third,

This method can not only be applied to the allocation of funds between units, but also can be used for the payment of personal payments by different units, such as retirement wages, medical expenses, various labor costs, remuneration, etc.

Fourth, exchange settlement procedures are simple and easy to handle, and units or individuals are easy to handle.

Checkout is based on the registration of all economic pactions occurring within a certain period of time, calculating and recording the amount of the current period and the ending balance.

The accounting procedures and methods stipulated in the basic accounting standards are:

(1) before the checkout, all the economic pactions in this period must be registered.

(2) at the time of checkout, the final balance of each account should be concluded.

If it is necessary to produce the amount of the month, the word "total monthly" should be marked in the abstract column and a single red line will be shown below.

If it is necessary to conclude the cumulative amount of this year, it should mark the word "cumulative year" in the abstract column and issue a single red line in the following column. The cumulative amount of the year at the end of 12 is the cumulative amount of the whole year.

(3) at the end of the year, the balance of each account should be pferred to the next fiscal year, and the word "carry next year" should be indicated in the abstract column. The balance in the first balance column of the newly established account book in the next fiscal year will be filled in the balance of the year ahead.