For a newly opened hotel, how should the initial decoration registration and other expenses be accou

Expenses incurred before the absence of operating income are recorded in the long-term amortization expense-start-up expenses, which can be carried forward to the amortization of management expenses-start-up expenses in a lump sum in the month in which the operating income is available, and can also be amortized on a monthly basis over three or five years.

The initial renovation registration and other expenses should be included in the long-term amortization expense-start-up fee, which can be amortized in installments or all at once in the subsequent operation, but I recommend that you spread it in batches, so that it can play a role in the payment of income tax.

Establishing accounts is similar to normal accounting bookkeeping. It is best to refer to the commercial and industrial accounting process for accounting. Most of the initial acquisitions should be charged to long-term amortized costs-start-up costs.

Enterprises should establish general ledgers, cash journals, bank journals, and sub-ledgers.

The subjects are: cash; bank deposits; receivables and payables; paid-up capital; Inventory, materials, fixed assets, income, expenses, profit for the year, etc.

Finally, prepare the accounting statements.

The initial cost of renovation and registration is included in the start-up fee, which can be processed in a lump sum in the month of commencement of operation, or can be amortized monthly over three years.

With the industry software of the catering industry, there are a lot of them, which must be used by large hotels, and the software interface will instruct you how to do it, but now this kind of software does not seem to be free, it all has to charge money, and the cost is very high. You go to Richard for "catering software".

There are 2 ways to account for hotel decoration expenses:

1. The decoration cost is small and the time limit is short, which can be included in the management expense account. The accounting entries are as follows:

Borrow: management expenses - renovation costs.

Credit: Bank deposits.

2. If the decoration cost is large and the time limit is more than 1 year, it can be included in the long-term amortized expense account. The accounting entries are as follows:

Borrow: long-term amortized expenses - renovation costs.

Credit: Bank deposits.

If the house was bought at your own expense, the expenses incurred are included in the fixed assets. If it is rented, the expenses incurred are included in the long-term amortized expenses.

For rented houses, the renovation cost is included in the long-term amortization expenses and is amortized evenly over the life of the lease.

Self-owned houses can be included in fixed assets.

The decoration before the completion of the final accounts of the house is recorded as fixed assets, and the subsequent decoration is recorded as long-term amortized expenses.

The cost of hotel decoration is based on your total budget to set, as well as the style of decoration, the use of materials and materials to consider, it is recommended that you consult the Ruilian Seiko decoration, hope to adopt thank you.

For the decoration expenses incurred by the hotel, it can be divided into two aspects of accounting treatment, namely the accounting treatment of decoration expenses in the case of self-owned buildings and the accounting processing of coarse and thin forest processing in the case of leased buildings.

How to account for hotel decoration fees?

If the hotel is a self-owned building, the decoration cost shall be calculated through the "construction in progress" account, and finally included in the "fixed assets" account; If the hotel is a leased building, the decoration cost shall be included in the "long-term amortized expenses" account, and then amortized through the "management expenses" account.

1. If the hotel is a self-owned building, the specific accounting entries are:

When expenses are incurred:

Borrow: Construction in progress.

Credit: Bank deposits.

After the renovation is completed:

Borrow: Fixed assets.

Credit: Construction in progress.

2. If the hotel is a leased building, the specific accounting entries are:

Vertical car when expenses are incurred:

Borrow: long-term amortized expenses - renovation costs.

Credit: Bank deposits.

When amortizing the renovation costs:

Borrow: management expenses - renovation costs.

Credit: Long-term amortized expenses - renovation costs.

What is the meaning of construction in progress and long-term amortized expenses?

Construction in progress refers to the expenditure on new construction, reconstruction, expansion of fixed assets, or unfinished projects such as technical transformation, equipment renewal and major repair projects. Including projects under construction, there are usually two ways: "self-management" and "outsourcing". Self-operated projects under construction refer to projects in which enterprises purchase project materials, construct and manage them on their own; The project under construction is contracted by the enterprise through the signing of a contract and the construction of the project by other engineering teams or units.

Long-term amortized expenses are the expenses that have been spent by the enterprise but have an amortization period of more than one year (excluding one year), including fixed asset repair expenses, improvement expenses of leased fixed assets, and other expenses to be amortized with a sales period of more than one year.

Under the "long-term amortized expenses" account, the enterprise should set up a detailed account according to the type of expense, conduct detailed accounting, and disclose its amortized value, amortization period, amortization method, etc. according to the expense items in the notes to the accounting statements.

In accounting, if it belongs to the self-built new house and the decoration before it is put into use, it should be recorded in the value of the house, otherwise it can be recorded in the long-term amortized expenses or a one-time credit expense (some enterprises also record the large decoration costs in fixed assets without leaving residual value and amortize them in 5 years), and amortize them in 5 years in tax. Those who do not belong to the enterprise can be amortized on an average basis over 5 years starting from the next month after the house is renovated and put into use. If the usable lease term is less than 5 years after renovation, it will be amortized according to the usable lease term.

If the two renovations are suitable for 5 years, the unamortized balance shall be amortized at one time at the time of the subsequent renovation.

Article 31 of the Measures for Pre-tax Deduction of Enterprise Income Tax issued by Guo Shui Fa (2000) No. 84 provides that taxpayers' fixed asset repair expenses can be directly deducted in the current period. Taxpayers' expenditure on improvement of fixed assets, if the relevant fixed assets have not been fully depreciated, can increase the value of fixed assets; If the fixed asset has been fully depreciated, it can be amortised as a deferred expense over a period of not less than 5 years.

The repair of fixed assets that meet one of the following conditions shall be regarded as the expenditure for the improvement of fixed assets:

1) The repair expenditure incurred reaches the original value of fixed assets of more than 20;

2) The economic useful life of the asset is extended by more than two years after repair;

Hotel decoration expenses can be included in the "long-term amortized expenses" account; and amortized over a period of not less than 5 years or estimated for use, and its accounting entries are as follows:

1. When the decoration cost occurs, the accounting entries of the rapid collapse:

Borrow: long-term amortized expenses - decoration costs, credit: bank deposits.

2. When amortizing, accounting entries:

Borrow: management expenses - decoration costs, credit: long-term amortized expenses and forest - decoration acres and round fees.

Borrow: Long-term amortized expenses, Borrow: tax payable - VAT payable - input tax, credit: bank deposits, etc., borrow: administrative expenses - amortization of long-term amortized expenses, credit: long-term amortized expenses.

Long-term amortized expenses are the expenses that have been incurred by the enterprise but have an amortization period of more than one year (excluding one year), including fixed asset repair expenses, improvement expenses for leased fixed assets, and other expenses to be amortized with an amortization period of more than one year.

In recent years, with the development of tourism, more and more businesses have set their sights on the hotel industry. Below, I will tell you how to account for the decoration cost of the hotel.

First, first of all, we must understand the role of the hotel decoration budget.

2. Secondly, you must know the basis for the preparation of the hotel decoration budget.

What is it based on and what are the standards, this must be understood before signing the contract.

3. After the preparation is done, you should also be familiar with the methods and steps of preparing the hotel decoration budget.

1. The first thing to do is to collect information.

2. You must know the content of various drawings, and you must be quite clear about the design intentions.

3. Browse carefully for the description of each quota and make a certain calculation of the engineering quantity.

4. At the same time, some fixed amount or unit valuation tables can be applied to calculate direct costs.

4. The composition of hotel decoration costs.

When decorating the hotel, it is necessary to clearly know where the money is spent, and the total cost of hotel decoration should be: main material cost + auxiliary material cost + labor cost + design fee + management fee + tax.

The main materials in the decoration of the hotel refer to the finished and semi-finished materials touched by the construction area or a single project in the decoration construction, such as wooden floors, tiles, sanitary ware, lamps, 5 gold, etc.

5. There are 4 factors that must be clear, because these 4 factors affect the hotel decoration budget.

First, the material**. The material is the foundation, and the quality of the material is also one of the factors that determine the material, the texture is strong, the workmanship is relatively expensive, on the contrary, it is relatively cheap; In addition, the brand, the famous brand, the reputation of the material is definitely more expensive than the unknown small factory.

Second, the workmanship of the hotel decoration has an impact on the quality of the workmanship after all. The workmanship technology specifically refers to the construction level and production level of the construction personnel. In the case of the same materials, the craftsmanship of the workers directly affects the quality of hotel decoration.

The craftsmanship is good, the construction staff is well-trained, and the asking price is naturally high.

The third is the management fee. If there is construction management, it will cost more. Generally, the construction process is complex, and the cross-operation of various types of work and the sequence of processes are very important to ensure the quality of construction. If you have a regular decoration company that has specialized personnel to manage the construction, it will cost you more.

Fourth, when the hotel is renovated, the qualification of the decoration company invited is also a factor. Naturally, an excellent decoration company should have an office, a design department, a project supervision department, a material supporting center, a finance department, an audit department, etc. These require a certain amount of cost, and these costs will naturally be reflected in the current, **.

6. So, how to arrange the budget for hotel decoration?

1. First of all, check whether the drawings are accurate.

2. Review whether the projects are complete.

3. The unit of measurement affects the budget result.

4. When decorating the hotel, the drawings should be consistent with the budget size.

5. The materials and processes used in the hotel decoration should be specific.

6. Special budget resolution measures for special circumstances.