Credit: accounts received in advance
When revenue is recognized every month
Debit: accounts received in advance
Credit: operating income
Using POS machines to collect money will inevitably generate business tax.
Early childhood education institutions do not belong to kindergartens, provide non-basic education services, and cannot enjoy business tax relief.
However, if the income is confirmed on a monthly basis, the tax payment time can be delayed, and the expenses received in advance for one year can be spread equally to 12 months.