When education and training institutions collect training fees, they will first issue receipts and then issue invoices after the end. How to charge it to the account? What are the specific items? Do I

When education and training institutions collect training fees, they will first issue receipts and then issue invoices after the end. How to charge it to the account? What are the specific items? Do I have to pay taxes? What tax? The training fee will be received in advance when it is received, and will be paid after the training is officially invoiced.

Whether an education and training institution pays taxes depends on the unit where you apply for the bill. If you apply for financial bills from the Finance Bureau, and you are engaged in academic education, it is tax-free. Others need to pay 3% business tax.

Entry: When issuing a receipt:

Borrow: cash

Credit: accounts received in advance (or other payables)

When the receipt is changed into an invoice:

Loan: operating income

Debit: accounts received in advance