What subjects does the SMS service charge include?

SMS service fee is included in the financial expense account.

Accounting entry:?

Borrow: financial expenses?

Loan: bank deposit?

Financial expenses refer to the financing expenses incurred by enterprises to raise the funds needed for production and operation, including interest expenses (minus interest income), exchange gains and losses and related handling fees, discount interest on commercial bills, cash discounts incurred or received by enterprises, etc.

Interest expense refers to the net amount of interest expense (except capitalized interest) such as short-term loan interest, long-term loan interest, bill payable interest, bill discount interest, bond payable interest and long-term interest payable of imported equipment minus bank deposit interest income.

Exchange losses and related handling fees

Exchange loss refers to the difference between the bank's buying price and selling price and the exchange rate used for bookkeeping due to the settlement or purchase of foreign exchange from the bank, and the difference between the foreign currency ending balance converted into RMB and the original RMB at the end of each month (quarter, year).

Relevant handling fees refer to the handling fees paid for issuing bonds (except capitalization), the handling fees of issuing banks, and the handling fees for adjusting foreign exchange. , but does not include the handling fee paid for issuing shares.

The financial expenses incurred by enterprises are generally accounted for in the "financial expenses" subject, and a subsidiary ledger is set up according to the types of expenses. When the financial expenses occur, the account shall be debited, and when the ending balance is carried forward to the "profit of this year" account, it shall be credited to the account.