A brief discussion on the accounting characteristics of the hotel industry

The work to be done is the same as that of general accountants, including accounting, income, cost and profit accounting, and tax reporting. But the cost accounting is just the cost of the dishes.

First of all, hotel income must be divided into several parts, such as: catering, guest rooms, KTV, bar, and canteen.

At the end of the month, the income of each item is divided according to the audit report. On the same day, the cashier or cashier is asked to separate the income and summarize it at the end of the month.

The key is to separate the income at ordinary times and summarize it at the end of the month. The transfer should be from the current account, and there should be discounts that can be used to offset the income.

Do the income every day or make a summary table You can make income later, but sort out each receivable and payable first

Borrow: Cash

Borrow: Accounts receivable - UnionPay Center (this is for credit cards)

Debit: Accounts receivable - guest account (this is what is owed)

Credit: operating income - room fee income

Credit: operating income - - Catering income

Loan: operating income-other income

Loan: operating income-other payables-telephone charges Loan: operating income--laundry charges

Hotel Accounting is now simple for industrial accounting, as long as it is income accounting and cost accounting. This is different from industrial accounting.

In terms of taxation, there are: business tax rate 5 (accommodation, catering income), if there is sales of tobacco and alcohol, there may be consumption tax:

Urban construction tax = 7% of business tax

Education fee surcharge = business tax * 3

Flood prevention fund

Real estate tax (own property and land use tax) (the tax rate is determined by the local tax authority)

Corporate income tax = net profit after annual loss recovery * 20 Stamp tax, etc. (depending on your company’s specific trading business).