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How to do the accounting entry of bank deduction service charge? Why do many banks charge for inter-

Usually, it's normal for us to transfer money through the bank. We all know that the bank transfer needs to deduct the service charge. So how can we do the accounting entry of the bank deducting the service charge? Why do many banks charge for inter-bank transfer? Today, Xiao Bian will explain this situation in detail.

how to do the accounting entry of bank transfer service charge?

A: bank remittance charges, The two accounting entries of receiving interest are: (1) the accounting entry of bank remittance service charge is: Debit: financial expense - service charge credit: bank deposit (2) when receiving interest: Debit: bank deposit Loan: financial expenses - interest income 2. Financial expenses refer to the financing expenses incurred by an enterprise in the process of production and operation in order to raise funds. They include interest expenses (less interest income), exchange gains and losses (some enterprises, such as commodity circulation enterprises and insurance enterprises, are accounted separately, not included in financial expenses), and handling charges of financial institutions, However, the interest expenses incurred during the preparation period of the enterprise shall be included in the start-up expenses; the borrowing costs incurred for the acquisition and construction or production of assets meeting the capitalization conditions shall be capitalized and accounted for in the accounts of construction in progress and manufacturing expenses.

Why do many banks charge for inter-bank transfer?

A: the reason is that the systems between banks are not compatible. In order to realize the inter-bank flow of funds, the PBC has developed large and small systems, and some regions have their own local systems. The use of these two systems requires the bank to pay the system developer and the owner PBC. There are not many single transactions, but the bank often generates tens of millions of transactions every day, For example, the four major banks are exempt from inter-bank charges for customers above the private bank level, CCB settlement card, and some urban commercial banks are exempt from inter-bank charges for the first few transactions each month, However, there are only a few banks that are free of service charges. If you look carefully, most of them are those banks with less regional and network layout. As for the free service charges, they are ultimately counted as the operating costs of the bank, and the deposit bank subsidizes the PBC.

The above is all about how to do the accounting entry of bank transfer service charge. If you have any questions, you can directly consult the teacher of accounting school online.