What are the confirmations of tourism revenue and costs?

The financial accounting of tourism enterprises is relatively simple compared to industrial and commercial enterprises. The main reason is that compared with industrial enterprises, commercial enterprises and other types of enterprises, the recognition and measurement of revenue and costs of tourism enterprises are relatively simple. . However, tourism enterprise financial accounting has its own unique characteristics. The following is a brief summary of the accounting points of tourism enterprises in terms of the use of main accounting subjects in the financial accounting of tourism enterprises, the recognition and measurement of revenue costs, etc. .. 1. Main accounting subjects.. Since the tourism enterprise itself organizes group tours, tourists go to the travel agency to sign up for the tour, and the travel agency collects travel money, which constitutes the enterprise's sales revenue. At the same time, when organizing guests to travel to the destination, the local travel agency reception fee, car rental fee, air ticket fee, accommodation fee, meal fee, insurance fee, ticket fee, etc. that need to be paid by the group constitute the cost of the travel team. Due to the characteristics of the industry, tourism companies are destined to basically have no inventory accounting problems. Therefore, in terms of financial accounting, 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 accepting individual tourists and group travel in the business hall, travel agencies generally need to develop some large corporate customers. These customers provide better welfare policies for employees to reflect the company's In order to improve cohesion, employees are generally organized to go on inspection tours on a regular basis. When a store accepts groups of individual customers, there is generally no issue of accounts receivable. But for corporate customers, they are mostly fixed customers. Therefore, most travel agencies first organize employees to travel before collecting payment, thus forming the company's accounts receivable. This account accounts for the travel group payments received in the current period and the uncollected group payments receivable in the current period. When the previous receivables are received in the current month: dr: cash (bank deposit) cr: accounts receivable; when the income is carried forward at the end of the month, for the travel group payment that has not been received: dr: accounts receivable cr: main business Income; .. 2. Prepaid accounts... The accounting of prepaid accounts is mainly used by tourism enterprises to pay the travel expenses for group travel in the current period. When paying the travel expenses of the early travel group, the "accounts payable" account is used and is not calculated in this account. When paying travel money: dr: prepaid account cr: cash (bank deposit); when carrying forward costs at the end of the month: dr: main business cost cr: prepaid account;... 3. Accounts payable... This account is used to calculate the enterprise Pay the unpaid tour group fees payable in the previous period and the current period. When paying early tour group fees: dr: accounts payable cr: cash (bank deposit), when carrying forward costs at the end of the month: dr: main business costs cr: accounts payable;... 4. Accounts received in advance... This account is calculated Tour group money received in this period. Payments received from previous tour groups are accounted for in the accounts receivable account, not in this account. When receiving the current travel group payment: dr: cash (bank deposit) cr: advance payment; when the income is carried forward at the end of the month: dr: advance payment cr: main business income. .. 2. Recognition and measurement of revenue and costs.. Under normal circumstances, the revenue of tourism enterprise accounting is determined based on the travel contract signed with the customer, and the recognition of cost is also based on the actual expenses incurred during the tourism and the relationship with the destination. Determined by the contract signed by the reception travel agency. Discounts given to guests due to various reasons during the tour will be handled according to the actual situation and according to sales discounts. .. It is worth noting that in actual work, in order to simplify the workload of financial accounting, tourism companies generally recognize sales revenue and sales costs at the end of the period. The following are the general steps for corporate accounting: .. 1. When the current travel group payment is received: .. dr: Cash (bank deposit).. Cr: Advance payment. 2. When the previous travel group payment is received: .. dr : Cash (bank deposit).. cr: Accounts receivable.. 3. When paying the current tour group payment:.. dr: Prepaid account.. cr: Cash (bank deposit).. 4. Payment of the previous tour group payment. Time: .. dr: Accounts payable.. cr: Cash (bank deposit).. 5. Revenue carried forward at the end of the period.. dr: Accounts received in advance (amount of travel group payment received in the current period).. dr: Accounts receivable ( Current contract amount - amount of current travel group payment collected).. cr: Main business income (current travel contract amount).. 6. Costs carried forward at the end of the period..dr: Main business costs (current travel contract amount and group payment payable). Actual expenses for group travel in the current period)..cr: Prepaid accounts (the amount of the current group tour payment)..cr: Accounts payable (the amount of group payment payable under the current travel contract and the actual expense of the group tour in the current period-the amount of the current tour group payment) .. 3. Notes: 1. When specifically using accounts receivable, prepaid accounts, accounts payable and advance receivables accounts, it is necessary to set up secondary accounts for detailed accounting. Given that tourism companies have many customers, and many customers may only do business once in a fiscal year. Therefore, under the current situation that most enterprises have implemented computerization, if secondary accounts are set up under each account in financial software, as time goes by, the secondary accounts will be countless. Therefore, it is recommended that relevant enterprises set up manual detailed accounts for auxiliary accounting, which is also a unique and tedious task for tourism enterprises.

.. 2. Tax issues: Tourism enterprises belong to the service industry, and the taxes involved mainly include business tax, education surcharge, urban maintenance and construction tax, corporate income tax, personal income tax, stamp duty, vehicle and vessel use tax, real estate tax, etc. The business tax treatment method is based on the gross profit after deducting the sales cost from the sales revenue multiplied by the applicable tax rate. This should be paid attention to during financial processing. The accounting for other types of taxes is the same as for other industries.