How to deal with the accounts after receiving the travel invoice?

As a kind of enterprise welfare, the company organizes employee group travel, which is generally accounted for by the subject of employee compensation payable. How to deal with the relevant accounts when the enterprise obtains the invoice issued by the travel agency?

Obtain accounting entries of travel invoices

When a tourist gets a travel invoice,

Borrow: production cost

production cost

selling cost

Management cost

Loan: Payable salary-welfare expenses.

At the same time,

Borrow: Payable staff salaries-welfare expenses

Loans: bank deposits

What is the salary payable to employees?

Salary payable to employees is one of the liabilities in enterprise accounting subjects. Salary payable to employees refers to all kinds of wages payable to employees by enterprises in accordance with relevant regulations. This course should be based on wages, bonuses, allowances, subsidies, employee welfare funds, social insurance premiums, housing provident fund, trade union funds, employee education funds, compensation for the termination of employee labor relations, non-monetary benefits and other expenses related to obtaining services provided by employees. Enterprises pay wages, bonuses, allowances, etc. In accordance with the relevant provisions, when it is issued to employees, it shall debit the "salary payable to employees" and credit the subjects such as "bank deposit" and "cash on hand".

What is the management fee?

Management expenses refer to the expenses incurred by the administrative department of an enterprise for organizing and managing production and business activities. Enterprises should account for the occurrence and carry-over of management expenses through the subject of "management expenses". The management expenses incurred by the enterprise with the debit of this account, and the management expenses transferred to the "profit of this year" account at the end of the credit registration, should have no balance after the carry-over. This course carries out detailed accounting according to the expenditure items of management expenses.