What are the accounting entries of travel agencies? How to calculate the tax?

Because tourism enterprises organize their own group tours, tourists sign up for group tours in travel agencies, and travel agencies collect travel money, which constitutes the sales income of enterprises. At the same time, organizing guests to travel to the destination, the reception fee, car rental fee, air ticket, accommodation fee, meal fee, insurance fee and tickets of the local travel agency constitute the cost of the travel team. Due to the characteristics of the industry, it is doomed that there is basically no inventory accounting problem in tourism enterprises. Therefore, in financial accounting, the accounting subjects involving the receipt and payment of funds have become the most commonly used subjects in tourism accounting.

1, accounts receivable

In addition to receiving individual group tours in the business hall, travel agencies generally need to open up some large corporate customers. In order to provide employees with better welfare policies and reflect the cohesion of enterprises, these customers generally organize employees to go out for study tours on a regular basis. Generally speaking, there is no problem of accounts receivable in retail stores. But for corporate customers, most of them are regular customers. Therefore, most travel societies organize employees to travel first and then collect money, thus forming accounts receivable of enterprises. This course is used to calculate the travel funds received in the previous period and the travel funds receivable in the current period.

When receiving the previous receivables in the current month:

Debit: cash (bank deposit)

Loans: accounts receivable;

Money not received for tour groups when income is carried forward at the end of the month:

Debit: accounts receivable

Loan: income from main business.

2. Prepaid account

Prepaid accounting is mainly used to pay the travel expenses of the current group tour of tourism enterprises. When paying the travel expenses of the last travel team, accounts payable were used, and this account was not accounted for.

When paying travel expenses:

Debit: Prepaid account

Loan: cash (bank deposit);

When carrying forward costs at the end of the month:

Debit: main business cost

Loan: prepaid account;

3. Accounts payable

This course accounts for the unpaid tour payment paid by the enterprise in the previous period and the current period.

When paying the pre-tour tour fee:

Debit: accounts payable

Loan: cash (bank deposit),

When carrying forward costs at the end of the month:

Debit: main business cost

Credit: accounts payable.