How to make accounting entries for employee travel expenses paid by the company?

The expenses incurred by enterprises in providing travel subsidies to employees can be accounted by financial personnel through accounts payable to employees-employee welfare funds and bank deposits. How to make relevant accounting entries?

Accounting entries for the company to pay travel expenses for employees.

Borrow: payables to employees-trade union funds (or employee benefits)

Loans: bank deposits

Travel expenses paid by the company are charged as collective activities funds in the union funds returned by the higher-level trade union organizations, and do not belong to the category of employee welfare funds. The company organizes employees to travel abroad, and the travel expenses used are management expenses-employee welfare expenses. However, welfare travel expenses cannot be deducted before tax, but the taxable income should be increased at the time of final settlement, because employee travel has nothing to do with production and operation.

What are the union funds?

Trade union funds refer to the expenses required for trade union organizations to carry out various activities. The sources of trade union funds are: trade union funds paid by members in accordance with the provisions of the All-China Federation of Trade Unions; Administrative funds allocated in accordance with the provisions of the Trade Union Law; Business income of trade unions; Administrative subsidies of governments, enterprises and institutions at all levels.

What is the employee welfare fund?

Employee welfare fund refers to the expenses paid to enhance the material interests of employees, help employees and their families solve some special difficulties and set up collective welfare undertakings. Including the allocated trade union funds, employee welfare funds extracted according to the standard, one-child health care expenses, public medical expenses, medical expenses for employees who did not participate in public medical units, hospitalization expenses for work-related injuries, food subsidies during hospitalization, subsidies for long-term support personnel, travel expenses for employees to visit relatives, and severance payments paid by the original unit.