What is the accounting treatment of company travel expenses?

In order to improve the enthusiasm of employees and organize group tours, the company's travel expenses are generally credited to the management expense account. What is the corresponding accounting treatment?

How to calculate the company's travel expenses?

When the company organizes related tourism activities and incurred expenses, the corresponding accounting entries are as follows:

Borrow: management fee-welfare fee

Loan: wages payable to employees.

When the company pays the relevant travel expenses, the relevant accounting entries are as follows:

Debit: payable to employees.

Loan: bank deposit/cash on hand.

When the company organizes related tourism activities in the name of "trade union", the corresponding accounting entries are as follows:

Borrow: management fee-union fee

Loan: bank deposit/cash on hand.

Tax treatment of employee travel expenses

1. According to relevant regulations, enterprises and units organize excellent marketing personnel to travel in the name of training courses, seminars and work visits. And by exempting travel expenses and rewarding individuals for their marketing performance, the expenses incurred are fully included in the taxable income of marketers, and personal income tax is levied according to law, which is withheld and remitted by enterprises and units that provide the above expenses.

2. The company organizes employees to travel, which has nothing to do with production and operation. The expenses cannot be deducted before tax, and the taxable income will be increased when the final settlement is made.