How should accounting be handled for agency export business?

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I've just taken over the accounting work for the company, and the company has agency export business. I haven't dealt with this before and have no idea how to handle it. I'd like to ask everyone, from receiving funds from the principal, customs declaration for export, collecting agency fees, to finally settling with the principal, how should this series of processes be accounted for in accounting? And how should related taxes and fees be handled? I hope experienced seniors can explain in detail. Thank you very much!
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The accounting treatment for agency export business is as follows:

When receiving funds from the principal, debit "Bank Deposits" and credit "Other Payables." After customs declaration for export, recognize agency fee income with relevant documents, debit "Other Payables" and credit "Main Business Income - Agency Export Income." Simultaneously, transfer advance payments for expenses from "Other Payables."

For the principal's export goods, sales revenue is not recognized, as the agent only provides services.

When collecting agency fees, pay value-added tax and other taxes and fees according to regulations. When accrual, debit "Taxes and Surcharges" and credit "Taxes Payable." When actual payment, debit "Taxes Payable" and credit "Bank Deposits."

During settlement with the principal, any excess is refunded and any deficit is paid. Debit or credit "Other Payables," and credit or debit "Bank Deposits." This treatment clearly reflects the fund flow and income and expenditure of the agency export business.

If the agency export involves tax refunds, you need to assist the principal in handling them. The accountant's main task is to keep good records, and after the principal obtains the tax refund, handle the relevant funds according to the agreement.

During the customs declaration for export stage, you should promptly organize customs declaration forms and other documents for subsequent verification and bookkeeping. These documents are important original vouchers.

Pay attention to the invoicing for agency fee income. Issue invoices to the principal according to regulations and recognize revenue accordingly.

In accounting treatment, pay attention to exchange rate fluctuations. For settlements involving foreign currencies, calculate exchange gains and losses according to regulations.

Carefully review the agency export agreement signed with the principal to clarify the rights and obligations of both parties. Accounting treatment should follow the terms of the agreement.

When calculating costs, reasonably allocate direct expenses incurred during the agency process and accurately calculate the cost of agency business.

At the end of each month, reconcile the outstanding amounts for the agency export business to ensure that the accounts match the actual situation and to avoid errors.

Be sure to retain all vouchers and documents for various business activities for use in tax inspections and other situations.

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