Discussion:ACCOUNTING FOR TRAVEL AGENCY

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Discussion Forum Index --> Accounting Questions --> ACCOUNTING FOR TRAVEL AGENCY

GEOBEN (talk|edits) said:

31 August 2009
Which is considered "gross revenue: for Travel agents for Form 1120S?. Ticket sales or commission earned on ticket sales?. What is the usual accounting practice on this subject?.

JR1 (talk|edits) said:

August 31, 2009
Their commissions. The other money is not theirs, but belongs to others, used to be kept in escrow or trust accounts. Now it's all tranferred instantaneously.

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