What are the themes of hotel membership gifts?

What are the themes of hotel membership gifts?

Gifts given by the hotel to guests are all sales, and this expenditure is not a cost for the hotel, because the cost is input and has long-term benefits.

Therefore, regarding the entries made by the hotel to give gifts to guests, the hotel accountant should make an account like this:

Debit: 1. First, it is recorded as hospitality, which should be included in the second-level subjects of "operating expenses-business hospitality" or "operating expenses-gift hospitality".

Borrow: operating expenses-business entertainment expenses

Loans: Goods in stock

2. In tax practice, the gift business of enterprises due to the need of publicity and promotion is treated differently. All purchased goods used as gifts are usually deducted before tax as hospitality.

How do accountants keep accounts when hotels give customers prepaid cards?

Prepaid card is different from the gift service mentioned above, so we novice hotel accountants should pay attention to the distinction between accounting entries.

Debit: sales expenses-gift expenses

Credit: accounts received in advance

The hotel gives the customer a prepaid card. If it has nothing to do with our business, then

Debit: sales expenses-gift expenses

Loan: cash on hand (or bank deposits, accounts payable and other subjects)

What are the themes of hotel membership gifts? On the whole, in fact, the gifts given by hotels to members are treated as sales, and relevant accounting entries can be included in the accounting of operating expenses; There are a lot of related materials to learn on this website. If you still want to know more about accounting, you can come to this website to ask the teacher for advice.