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How to make vouchers for export agency fees? Is there any expert who can explain it in detail?

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Our company has recently been involved in export business and incurred export agency fees. We haven't dealt with this before and don't know how to make vouchers. I would like to ask everyone, in terms of accounting treatment, how should the vouchers for export agency fees be filled in specifically? What subjects are involved? What source documents need to be prepared? I hope someone can explain it in detail. Thank you.

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Professional consultant answers

Joseph Zhou
Joseph ZhouYears of service:10Customer Rating:5.0

Senior foreign trade managerConsult

When the company incurs export agency fees and makes vouchers, the first thing is to clarify the accounting subjects involved. Generally, export agency fees can be recorded in the "selling expenses" subject. Suppose the company pays 10,000 yuan of export agency fees to Zhongshitong and obtains a value-added tax special invoice with a tax rate of 6%. Then the voucher entries are as follows: Debit: Selling expenses - Export agency fee 9433.96 (10000÷1.06), Debit: Taxes and dues payable - Value-added tax payable (input tax amount) 566.04, Credit: Bank deposit 10000. In terms of source documents, it is necessary to prepare the invoice issued by Zhongshitong, the bank statement of payment, etc. If it is accounted through accounts payable, first do Debit: Selling expenses - Export agency fee, Debit: Taxes and dues payable - Value-added tax payable (input tax amount), Credit: Accounts payable - Zhongshitong; when actually paying, Debit: Accounts payable - Zhongshitong, Credit: Bank deposit.

In short, it is necessary to correctly select subjects and record amounts according to the essence of the business.

Andrew Huang
Andrew HuangYears of service:7Customer Rating:5.0

Supply chain optimization expertConsult

If a special invoice is not obtained, then it is fully recorded in the selling expenses. For example, if 5000 yuan of agency fees are paid, the entry is Debit: Selling expenses - Export agency fee 5000, Credit: Bank deposit 5000, and the source documents are also the invoice and the bank statement.

Sarah Zhang
Sarah ZhangYears of service:8Customer Rating:5.0

Document expertConsult

If the amount of the export agency fee is small and has little impact on the profit, it can also be simplified. It can be directly recorded in the current profit and loss when paying, and the voucher treatment is similar to the normal recording in the selling expenses.

James Liu
James LiuYears of service:10Customer Rating:5.0

Foreign trade tax refund consultantConsult

It should also be noted that the voucher abstract should clearly state the business content, such as "Payment of export agency fees for XX business in XX time period", which is convenient for future account checking.

Amanda Yang
Amanda YangYears of service:3Customer Rating:5.0

Cost control consultantConsult

The source documents must be guaranteed to be true and complete. The invoice should be compliant, and the bank statement should clearly show the payment information. Otherwise, it will affect the validity of the voucher.

Robert Chen
Robert ChenYears of service:6Customer Rating:5.0

Customer service consultantConsult

If the agency fee is deducted from the export revenue at a certain proportion, then the net amount after deducting the agency fee should be recognized as revenue first, and then the agency fee should be recorded separately.

Elizabeth Li
Elizabeth LiYears of service:3Customer Rating:5.0

Compliance and risk managerConsult

If the export agency fee is paid in foreign currency, the exchange rate issue also needs to be considered, and it should be converted into RMB and recorded according to the spot exchange rate.

Jennifer Wang
Jennifer WangYears of service:4Customer Rating:5.0

Market development consultantConsult

After the voucher is made, it should be registered in the accounts in a timely manner to ensure the timeliness and accuracy of the accounts, so as to accurately reflect the company's financial situation.

Michelle Chen
Michelle ChenYears of service:3Customer Rating:5.0

Business coordination consultantConsult

During the annual income tax settlement, attention should be paid to whether the export agency fees meet the pre-tax deduction standards to avoid tax risks.

The relevant questions or replies only represent the user’s personal stance and do not represent any views of this website.

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