What are the accounting entries for travel expenses?

Travel expenses incurred by enterprises in organizing employees to travel shall be accounted for in the corresponding subjects according to the departments to which the expenses belong. Generally set up accounts payable to employees. How to make relevant accounting entries?

Travel expenses accounting entries

1. When an enterprise has travel expenses, the accounting entries are as follows:

Debit: management fee-welfare fee (included in related subjects according to the department where the fee belongs)

Loan: Payable employee salary-employee welfare fund.

When an enterprise pays travel expenses, the accounting entries are:

Borrow: Payable employee salaries-employee welfare expenses.

Loans: bank deposits

2. When the travel expenses are carried forward at the end of the period, the accounting entries are:

Debit: this year's profit

Loan: management fee-welfare fee (included in related subjects according to the department where the fee belongs)

"Payable salaries for employees" shall be accounted for in detail by setting detailed subjects such as wages, bonuses, allowances and subsidies, employee welfare funds, non-monetary benefits, social insurance premiums, housing accumulation fund, trade union funds and employee education funds, paid leave, profit sharing plan, limited escrow plan, limited benefit plan and dismissal benefits.

An enterprise shall, during the accounting period when employees provide services for it, recognize the actual employee compensation as a liability, which shall be included in the relevant asset cost or current profit and loss respectively.

How much is the management fee?

Management expenses mainly include salary and welfare expenses of managers, company-level depreciation expenses, repair expenses, technology transfer expenses, amortization expenses of intangible assets and deferred assets and other management expenses (office expenses, travel expenses, labor insurance expenses, land use tax, etc.). ).

Management expenses refer to the expenses incurred by the administrative department of an enterprise for management and organization, and belong to one of the period expenses. In order to calculate and supervise the occurrence and carry-over of management expenses, enterprises should set up the subject of "management expenses", in which the borrower registers the management expenses incurred by enterprises and the lender registers the management expenses transferred to the subject of "profit of this year" at the end of the month. Generally speaking, this account should have no balance at the end of the month.

Travel agency invoice input receipt

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)