How to handle accounting in the catering tourism industry

It mainly depends on the accounting standards implemented.

The difference between accounting standards for small businesses and accounting standards for enterprises:

Different scopes

Accounting standards for small businesses are generally applicable to companies established in accordance with the law in my country and with relatively large economic scales. Small business.

The Accounting Standards for Business Enterprises will be implemented within the scope of listed companies from January 1, 2007, and other companies are encouraged to implement them.

The number of accounting subjects is different

The accounting standards for small businesses have fewer accounting subjects than the accounting standards for enterprises.

Different accounting methods

The accounting method of small business accounting standards is simpler than the accounting method of enterprise accounting standards.

Financial reports are different

The small business accounting system only requires a balance sheet and income statement, and the content of the statements is relatively simple.

The financial statements of the Accounting Standards for Business Enterprises should at least include a balance sheet, an income statement, a cash flow statement, a statement of changes in owner's equity (or shareholders' equity), and notes.