Traditional Culture Encyclopedia - Travel guide - How to account for company employee travel expenses?

How to account for company employee travel expenses?

Sometimes, in order to reward employees or let employees relax, the company will organize group travel. For employee travel expenses incurred, they are generally included in the calculation of employee compensation payable. How to handle the specific accounting?

Accounting entries for company employee travel expenses

Debit: employee compensation payable - employee welfare fees

Credit: bank deposit or cash

< p>At the same time:

Debit: management expenses - employee welfare fees

Credit: employee compensation payable - employee welfare fees

Reward some outstanding sales performance Do employees need to withhold personal tax when traveling?

The "Notice of the Ministry of Finance and the State Administration of Taxation on Personal Income Tax Policies Regarding Enterprises Providing Personal Incentives to Marketers in the Way of Free Travel" (Caishui [2004] No. 11) stipulates that in accordance with my country's current personal income tax laws and regulations It stipulates that in product marketing activities, enterprises and units organize tourism activities in the name of training courses, seminars, work inspections, etc. for personnel with outstanding marketing performance, and implement marketing performance rewards (including physical and tangible rewards) for individuals by exempting them from travel expenses and tourism expenses. Price certificates, etc.), the full amount of the expenses incurred shall be included in the taxable income of the marketing personnel, and personal income tax shall be levied in accordance with the law, and shall be withheld and paid by the enterprises and units that provide the above expenses.

Among them, such rewards enjoyed by enterprise employees should be combined with the wages and salaries of the current period, and personal income tax should be levied according to the "wage and salary income" item; such rewards enjoyed by other personnel should be treated as current wages and salaries. Personal income tax is levied on the “income from labor remuneration” item.

What are overhead costs?

Administrative expenses refer to various expenses incurred by the enterprise's administrative department to organize and manage production and business activities. The specific items included are: company funds, labor union funds, board of directors fees, intermediary agency fees, consulting fees, litigation fees, and business entertainment expenses that occur in the operation and management of the enterprise, or that should be borne by the enterprise. , office expenses, travel expenses, postage and telecommunications expenses, greening expenses, management personnel salaries and welfare expenses, etc.