How should transactions with international organizations be reported on the BE-185?

International organizations (such as the United Nations, the World Bank, and the International Monetary Fund) are, according to balance of payments conventions, considered foreign entities, even if they are headquartered in the United States. Transactions with these organizations should be reported on the BE-185. Enter “Int’l Org” under “Other – Specify country” on Schedules A or B, and enter the data for each service type for which you had transactions.

 

Should I report on an accrual basis or cash basis on the BE-185?

Report purchases or sales in the periods when they occur or are charged (that is, in the period when the provider of the service recognizes or performs the service), whether expensed by the purchaser of the service in that accounting period, amortized over several accounting periods, or included in expenses in a subsequent accounting period.

 

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We purchased services from a German company, but we sent the payments to a Swiss bank. How should we report this transaction on the BE-185?

Since your transaction was with a German entity, you should report this as a transaction with Germany. Where the money actually goes is irrelevant, even if you were to send your payments to a bank in the United States as a matter of convenience.

 

View and print all FAQs related to the BE-185 survey (PDF)