How to deal with the accounting of travel agency invoices?

Enterprises organize employees to travel abroad and receive invoices issued by travel agencies, which should be included in the corresponding accounting subjects according to the departments to which the employees belong. How should the specific accounting treatment be done?

How to make an account of travel agency invoices?

1. When the enterprise receives the invoice issued by the travel agency, the accounting entry is:

Borrow: management expenses-employee welfare expenses

Loans: bank deposits

2. If the enterprise is a travel agency, the entry for issuing a travel invoice is:

Debit: bank deposit

Loan: income from main business

Taxes payable-VAT payable (output tax)

Can travel expenses be deducted before tax?

First, everyone's share of travel expenses will be paid by salary in the form of bonus. Of course, you can't be exempt from tax (because even if you don't use it as a bonus, you have to pay a tax according to the regulations, so there is no difference in tax), and then organize a group tour and then everyone will pay according to their share.

According to the requirements of the current standards and systems, welfare expenses do not need to be accrued in advance, but the confirmation expenses are calculated when they actually occur, and the salary payable to employees is also accounted for. Therefore, according to the accounting of welfare expenses, the accounting treatment can be as follows:

Borrow: management expenses-employee welfare expenses, etc.

Loan: Payable salary-welfare expenses.

Borrow: Payable staff salaries-welfare expenses

Credit: cash on hand, etc.

Then collect the employee's travel expenses and give them to the travel company, so that they can be deducted before tax within 14% of the total salary.

What does the employee welfare fund include?

According to the relevant provisions of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on the Deduction of Wages and Salaries and Employees' Remuneration (Guo Shui Fa [2009] No.3), the employees' remuneration stipulated in Article 40 of the Regulations on the Implementation of Employees' Remuneration includes the following contents:

(1) Equipment, facilities and personnel expenses incurred by welfare departments of enterprises that fail to perform social functions alone, including equipment, facilities and maintenance expenses of staff canteens, staff bathrooms, barbershops, infirmary, nurseries, sanatoriums and other collective welfare departments, and wages, social insurance premiums, housing accumulation funds and labor expenses of welfare department staff.

(2) Subsidies and non-monetary benefits for employees in medical care, living, housing and transportation. , including medical expenses paid by enterprises to employees traveling in different places, medical expenses of employees of enterprises who have not implemented medical co-ordination, medical subsidies for employees to support their immediate family members, heating subsidies, heatstroke prevention and cooling expenses for employees, subsidies for employees' difficulties, relief funds for employees' canteens, and transportation subsidies for employees.

(3) Other employee welfare expenses incurred in accordance with other regulations, including funeral subsidies, pension expenses, settling-in expenses, family leave travel expenses, etc.