Outward Remittance What is Outward Remittance Outward Remittance is also referred to as Outward Remittance Outward Remittance is a bus rebateforexbrokeress in which the bank accepts the remitters commission and commissions its overseas affiliate or agent bank to pay a certain amount of money to the designated recipient by means of an agreed rebateforexfee Outward Remittance Types of Outward Remittance Outward Remittance is divided into The accounting of wire rebateforex, letter transfer and ticket transfer remittances abroad After the remitter fills in the remittance application, the bank accepts the remitters application, it should fill in the remittance voucher according to the remitters requirements and carry out the relevant accounting treatment (1) remitted in RMB, make the following accounting entries: Debit; cash RMB Credit: Forex Rapid Rebate ForexRapidRebate trading RMB Handling fee income RMB Debit: foreign exchange trading foreign cashback forex Credit: outward remittance foreign currency (2) remitted in foreign currency deposits ) remitted in foreign currency deposits, without foreign exchange trading account for the accounting entries as follows: Debit: demand deposits in foreign currency Credit: remittances in foreign currency Debit: demand deposits in RMB Credit: fee income in RMB After the remittance, the receipt of foreign remittance banks notice of settlement (debit statement), the remitter to write off the transfer accounting entries as follows: Debit: remittances in foreign currency Credit: deposit foreign interbank in foreign currency (3) transfer, the Accounting for the refund of foreign exchange if the foreign exchange agent does not set up accounts abroad, can not directly handle remittance business abroad, you need to entrust other banks to transfer the debit statement issued by the agent with the business seal, sent to the transfer line, the transfer line with this for the transfer of foreign exchange procedures agent (entrusted line) for the transfer of accounting entries are as follows: ：current deposit foreign currency ；national interbank foreign exchange transactions foreign currency transfer line for remittance Remittance accounting entries are as follows: Borrow: the national joint foreign exchange transactions in foreign currency Credit: outward remittance in foreign currency When the wire transfer, letter remittance refund, the remitter should submit a written application and return the original remittance return remittance line should be endorsed on the remittance card refund reasons and dates, after which the remittance line by telegram to notify the remittance line refund once the remittance line reply, the remittance line immediately notify the remitter for refund When the ticket remittance refund, the remitter should submit a written application, and return the original bill of exchange (the remittance). And return the original bill of exchange (should be endorsed), the remitter to check the correct, in the bill of exchange stamped "cancellation" stamp, for the return of the remittance procedures return the bill of exchange as an annex to the return summons, and notify the remitting bank to cancel the note sent back