This articel contains basic viewabout accounting practices in businesses in Czech Republic. The authors focused on accounting in tourism sector. The articel is divided into the three parts - introduction, two practical parts and conclusion. There are two examples in the practical part of the paper. The first, there authors point out what specifics of accounting are used in foreign currency, leading to additional accounting procedures. The second, there authors also point out accounting practices of accruals at the end of the reporting period.