How to make vouchers for export agency fees? Please teach me!

Resolved
  • 匿名
  • 148
  • 9 Answers
NO.20251111*****

[Challenge] *****, [Solution] *****, [Process & Cost] *****

Access Full Plan
Our company has recently been involved in export business and incurred export agency fees. We haven't handled this type of business before and are not sure how to create the vouchers. I would like to ask, in terms of accounting treatment, what steps and precautions are needed when creating vouchers for export agency fees? I hope you can explain in detail, preferably with examples, to help me understand the operation.
Trade Experts Q&A
Trade Experts Q&A

Consult with Our Trade Experts

Quick, reliable advice for all your trade needs, from sourcing to shipping.

Trade Expert Insights Answers

David Chen
David ChenYears of service：10Customer Rating：5.0

Trade Compliance AdvisorStart a Chat

When handling vouchers for export agency fees, the first step is to clarify which account they belong to. Generally, export agency fees can be recorded under the "Selling Expenses" account. Assuming Zhongmaoda Company paid 10,000 yuan for export agency fees and paid by bank deposit, the journal entry is as follows: Debit: Selling Expenses - Export Agency Fees 10000

Credit: Bank Deposits 10000. When preparing the vouchers, the following points should be noted: Firstly, original vouchers should be complete, such as agency fee invoices, payment receipts, etc., to ensure the authenticity of the business. Secondly, fill in the summary accurately, which can be written as "Payment for XX export business agency fees" for easy future auditing. Thirdly, use the correct accounts; set up a detailed account for export agency fees under selling expenses to accurately categorize the expenses. This will enable standardized processing of export agency fee vouchers.

Olivia Liu
Olivia LiuYears of service：6Customer Rating：5.0

Foreign Exchange Risk ManagerStart a Chat

In addition to being recorded as selling expenses, if the agency fee is closely related to a specific export project, it can also be considered for accumulation under "Labor Costs - Export Business" and then transferred to costs upon project completion.

Daniel Kim
Daniel KimYears of service：4Customer Rating：5.0

Commodity Inspection and Quarantine ConsultantStart a Chat

Remember to obtain a formal invoice, as this is an important basis for making vouchers. Without an invoice, it cannot be deducted before tax, which will bring tax risks to the company.

Thomas Li
Thomas LiYears of service：7Customer Rating：5.0

Import Licensing AdvisorStart a Chat

When making vouchers, the summary should be concise and clear, yet reflect the essence of the business, making it easy for finance and audit personnel to review later.

Michael Zhang
Michael ZhangYears of service：10Customer Rating：5.0

Customs Clearance SpecialistStart a Chat

If the agency fee is paid in installments, it should be recognized as an expense in installments within the benefiting period according to the accrual basis of accounting and corresponding vouchers should be made.

Sophia Wang
Sophia WangYears of service：6Customer Rating：5.0

International Logistics CoordinatorStart a Chat

You can attach the agency contract to the voucher to better prove the reasonableness of the business and the basis for fee calculation.

Linda Guo
Linda GuoYears of service：3Customer Rating：5.0

Trade Dispute MediatorStart a Chat

Pay attention to exchange rate issues. If the payment of agency fees involves foreign currency, it needs to be converted at the prescribed exchange rate before making the voucher.

Robert Tan
Robert TanYears of service：5Customer Rating：5.0

International Market Development AdvisorStart a Chat

Pay attention to the method of calculating agency fees, whether it is a percentage of sales or a fixed amount, etc., and accurately calculate the fees and reflect them in the vouchers.

Kevin Huang
Kevin HuangYears of service：3Customer Rating：5.0

E-Commerce Export AdvisorStart a Chat

When operating financial software, select the correct module to enter vouchers, ensuring that the data is accurately entered into the corresponding financial statement items.

User-submitted questions and answers reflect personal opinions, not the official stance of this website.

You May Also Like

How Much Do Export Customs Declaration Agency Fees Cost Exactly?

Our company has goods for export and wishes to understand the fees for export customs declaration agency services, unsure of the charging standards. The best answer indicates that export customs declaration agency fees have no fixed standard, being influenced by factors such as cargo type, cargo value, and the number of customs declarations. Ordinary goods typically cost 200 - 800 RMB per declaration, while specially regulated goods may incur fees of 1000 - 3000 RMB per declaration or even higher. It is advisable to consult and compare multiple agencies.

How Much Are Import and Export Agency Fees in Chengdu? Let’s Discuss!

Planning to engage in import and export business in Chengdu and want to understand the fees involved, such as charging methods, common items, and potential hidden costs. The best answer suggests that fees have no fixed standard, commonly charged per order or as a percentage of the goods’ value, with per-order fees ranging from approximately 1000 - 3000 RMB and percentage-based fees from 1% - 5%. Common items include agency fees. Reputable companies like Zhongmaoda have no hidden fees and clearly itemize their charges.

Who Ultimately Bears the Import and Export Agency Fees?

Wants to know who bears import and export agency fees. States they have import and export business and are looking for an agency company, unsure if the client bears all costs or if they negotiate shared responsibility. The best answer points out that generally, for a pure agency agreement without special provisions, the client bears all expenses; if it involves risk sharing or profit distribution, parties may negotiate shared responsibility, and clear agreements before cooperation are crucial.

What is the approximate profit of an export agent? How is it calculated?

Planning to enter the export agency business and want to understand the profit situation in this industry, including fee structures, profit margins, and whether it is affected by factors such as cargo type and export region. The best answer states that export agency profits are commonly charged as a percentage of the export value, typically 1%-5%, and that profits are influenced by various factors such as cargo type, export region, and service content, requiring comprehensive consideration.

How to Handle Payment and Collection for Multi-party Re-export Trade?

A company plans to engage in multi-party re-export trade and is confused about payment and collection operations, such as the rules and methods for fund flows when purchasing from Country A and selling to customers in Country B. The best answer points out the importance of clarifying the authenticity of the trade background, preparing a complete set of trade documents, using common methods like telegraphic transfer for payments and collections, paying attention to foreign exchange policies and exchange rate risks, selecting good banking partners, and ensuring document completeness and consistency.

Is it feasible to find an agent for software export? Let’s discuss!

A company engaged in software business plans to export but is unfamiliar with the process. They inquire whether it is possible to find an agent for software export, as well as the advantages, precautions, and factors to consider when choosing an agent. The best answer states that agents can be found for software export, offering advantages such as familiarity with the process and cost savings, but attention should be paid to the agent’s reputation, contract terms, etc. When choosing an agent, professional capability, financial strength, and service quality should be considered.