How should the long-term deferred expenses and start-up expenses (i.e. decoration expenses) in the accounts of a newly opened hotel be accounted for, and how should they be amortized later?

There is no need to amortize and include it in the current profit and loss in one go. Start-up expenses, loans, management expenses - start-up expenses, loans, cash on hand or bank deposits and related accounts.

If you have already entered: long-term deferred expenses - start-up expenses. After the start-up is completed, you prepare the transfer accounting voucher by yourself, debit, management expenses - start-up expenses, loan, long-term deferred expenses - start-up expenses.

The new tax law no longer includes start-up expenses as long-term amortization expenses, which is consistent with the treatment of accounting standards and accounting systems, that is, enterprises can make a one-time deduction from the current production and operation period. "In this way, the accounting treatment of start-up expenses is consistent with the tax treatment, and there is no need to make tax adjustments when the annual corporate income tax is settled.