1. When the merchant sells the voucher or the customer chooses to give it up later, the accounting entries are:

Debit: Bank deposit (or accounts receivable)

Loan: main business income

Contract liabilities (including tax price)

Taxes payable-VAT payable (output tax)

2. Later, the customer chooses to use the voucher. The value of vouchers should be offset and the income should be confirmed:

Debit: contractual liabilities (including tax)

Loan: main business income

Taxes payable-VAT payable (output tax)

Vouchers are a common way to promote goods. In accounting treatment, according to the Accounting Standards for Business Enterprises No.14-Income, after consumption, When a merchant sells goods, it must share the sales income among the goods sold and vouchers, and confirm the vouchers as contract liabilities, and then confirm the contract liabilities as sales income when the obligations are actually fulfilled.

if there is a credit balance in the "contract liabilities" account at the end of the year, the unconfirmed sales revenue corresponding to the contract liabilities should be subject to tax adjustment when the enterprise income tax is settled.