Banking
Wire Transfer / SWIFT Fee
Charging a customer for an outgoing international wire transfer.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Customer Account (Debit) | Liability (-) | - | 25.00 |
| Wire Transfer Fee Income | Revenue (+) | - | 25.00 |
💡 Accountant's Note
Transfer fees are point-in-time revenue — the performance obligation is satisfied when the transfer is processed. SWIFT charges and correspondent bank fees are deducted from this income.
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