What should an accountant do when the company buys snacks?

Many companies buy snacks and refreshments for their employees. How should accountants keep accounts at this time? If you don't know much about this part of knowledge, then use the deep space network to learn!

How does the company charge for snacks?

1. If the company is a general taxpayer and purchases food products for business purposes, it can be included in the inventory according to the special fare, and the tax payable should be VAT (input tax). If the company is an ordinary taxpayer but the food purchased is not for business purposes, but belongs to entertainment or employee welfare, the special ticket is not deducted, and the full amount is included in the related expenses, management expenses-entertainment expenses or management expenses-welfare expenses.

2. If the company buys food for employees for small-scale entertainment or welfare, it will be included in the relevant expenses (management expenses-entertainment expenses or welfare expenses) according to the special fare tax, and the tax will not be deducted.

How to make accounting entries?

1. If the food purchased is for employees.

Borrow: management fee-welfare fee

Credit: cash on hand/bank deposit.

2. If you buy food for entertainment.

Borrow: management fee-entertainment fee

Credit: cash on hand/bank deposit.

Can the special ticket for snacks be deducted?

If it is included in the welfare expenses, the entertainment expenses cannot be deducted, because snacks are not office supplies, but belong to employee welfare expenses. Generally speaking, there are no special tickets for retail snacks.