If the training institution has not issued an invoice, it can be accounted for according to the income confirmed without a ticket.

The accounting treatment of unbilled income is:

1, confirm the previous year's unbilled income:

Debit: accounts receivable (or bank deposits)

Credit: tax payable-VAT payable-output tax.

Previous annual profit and loss adjustment

Step 2 carry forward

Debit: previous year's profit and loss adjustment

Loan: Profit Distribution-Undistributed Profit

3. Plan to pay additional tax.

additional tax

Debit: previous year's profit and loss adjustment

Loan: Taxes payable-Urban Construction Tax

Note: Value-added tax should be applied to the income that has not been invoiced, and 13% output tax should be accrued.

Invoice refers to the business vouchers issued and collected by all units and individuals in buying and selling goods, providing or receiving services and engaging in other business activities, which is the original basis of accounting and an important basis for law enforcement inspection by audit institutions and tax authorities;

The whole process from bookkeeping to settlement and its links are called accounting, which refers to the process of accounting treatment, generally from the beginning of filling in vouchers to the end of preparing statements, also known as accounting practice.

What are the tax-related risks of unbilled income?

Revenue is recognized according to the Accounting Standards for Business Enterprises. The definition of income is "the total inflow of economic benefits formed in daily activities such as selling goods, providing services and using enterprise assets, excluding the money collected for third parties or customers".

For the tax-related risks of unbilled income, there are mainly the following two points:

1. Without the special VAT invoice, the input VAT cannot be deducted, resulting in your company overpaying VAT.

2. If the invoice cannot be obtained within the period of enterprise income tax settlement, the cost of related materials cannot be deducted before enterprise income tax.