How to write the accounting entries for bank SMS service fees?

For bank SMS service fees, they should be included in the financial expense account for accounting. How to prepare the corresponding accounting entries?

Bank SMS service fee entry processing

The accounting entry is

Debit: financial expenses - SMS service fee

Credit: bank Deposits

In order to reflect and supervise the income, expenditures and balances of the company's bank deposits, the company should set up a "bank deposit" account, debit to register the increase in the company's bank deposits, credit to record the decrease in bank deposits, and the end-of-period debit balance Reflects the amount of bank deposits actually held by the enterprise at the end of the period.

In order to comprehensively and continuously reflect and supervise the receipts, payments and balances of bank deposits, enterprises should set up bank deposit general ledgers and journals to conduct general classification accounting and detailed classification accounting of bank deposits respectively.

What do financial expenses include?

Financial expenses include interest expenses (minus interest income), net exchange losses incurred during the production and operation period of the enterprise (some enterprises such as commodity circulation enterprises and insurance enterprises conduct separate accounting and are not included in financial expenses), financial expenses Institutional handling fees, and other financial expenses incurred in financing such as bond printing fees, foreign loan guarantee fees, etc.

The specific contents are as follows:

(1) Interest expenses refer to the enterprise’s short-term borrowing interest, long-term borrowing interest, bill payable interest, bill discount interest, bond interest payable, and long-term borrowing interest payable from abroad. The net amount of interest expenses such as equipment payment interest (except capitalized interest) minus interest income from bank deposits, etc.

(2) Exchange losses refer to the difference between the bank’s buying and selling price and the exchange rate used for bookkeeping due to the enterprise’s settlement or purchase of foreign exchange from the bank, and the monthly (quarterly) , year) end, the foreign currency closing balance of various foreign currency accounts is the difference between the recorded RMB amount and the original book RMB amount, etc., converted according to the prescribed exchange rate at the end of the period.

(3) Relevant handling fees refer to the handling fees required to issue bonds (except handling fees that need to be capitalized), bank handling fees for issuing bills of exchange, foreign exchange adjustment handling fees, etc., but do not Including handling fees paid for issuing stocks, etc.

(4) Other financial expenses, such as financing leasing expenses incurred by financing leased fixed assets, etc.