FOREIGN TRANSACTION DEPARTMENT

A transaction is an agreement between a buyer and a seller to exchange goods, services or financial instruments. In accounting, the events that affect the finances of a business must be recorded on the books, and an accounting transaction will be recorded differently if the company uses accrual accounting rather than cash accounting. Accrual accounting records transactions when revenues or expenses are realized or incurred, while cash accounting records transactions when the business actually spends or receives money.

Our foreign transaction department works very efficiently. We think our foreign transaction department is our heart. Because our main business is importing business tools, machinery and products. And we have to contact different sellers and producers and merchandisers at the same time, and we need to continue mailing to them, let them know our intensity, our need and our orders. It is the responsibility of our foreign transaction department. They really work hard to contact buyers and sellers and offer them very efficiently. They check the rates worldwide of a specific product and contact the seller. They find the way to meet the seller and talk to them. They go into agreements with the sellers and purchase the product. They are the sole responsible for contact the seller and buyer, get a good value, arrange a meeting with the seller and purchase.