I own a small business and I am working on a group tour where I will receive individual deposits and at the end of this year we will receive final payment. I will need to send a deposit for the airline tickets soon and will pay for the remaining balance of the airline tickets and the tour at the end of this year or the beginning of next year.I will not know the exact cost of the airline tickets and tours until closer to departure.
What would be the best and most efficent procedure, so as to see my realistic balance? Should I use the sales receipt? I do not know COG, so do I just not enter a bill for now?
Thanks for your assistance
JGS
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