How to make accounting entries for employees traveling abroad?

In order to enhance team cohesion, the company organizes employees to travel. The travel expenses incurred should be accounted for through the administrative expenses-welfare account. How to make the corresponding accounting entries?

Accounting entries for employee travel

When the company organizes employees to travel, the travel expenses should be included in the administrative expenses - employee welfare expenses. Because employee travel has nothing to do with production and operations, the expenses cannot be deducted before tax, and the taxable income will be increased during the final settlement.

For employee travel expenses, the following accounting entries can be made:

Debit: administrative expenses - welfare fees

Debit: employee compensation payable - employee benefits Fees

Debit: employee benefits payable - employee welfare fees

Credit: bank deposits

The main contents of employee welfare fees

Based on "Notice of the State Administration of Taxation on the Deduction of Enterprise Wages and Salaries and Employee Welfare Fees" (Guo Shui Han [2009] No. 3) stipulates: "3. Regarding the deduction of employee welfare fees, the enterprise employee benefits stipulated in Article 40 of the Implementation Regulations Expenses include the following: (1) Equipment, facilities and personnel expenses incurred by the welfare department of enterprises that have not yet implemented the separation of social functions, including employee canteens, employee bathrooms, hairdressers, medical clinics, nurseries, nursing homes, etc. The equipment, facilities and maintenance costs of the collective welfare department and the wages and salaries, social insurance premiums, housing provident funds, labor fees, etc. of the welfare department staff (2) Various subsidies for employee health care, living, housing, transportation, etc. and non-monetary benefits, including medical expenses paid by enterprises to employees for medical treatment outside the country, medical expenses for employees of enterprises that do not implement medical coordination, medical subsidies for employees' immediate family members, heating subsidies, employee heatstroke prevention and cooling expenses, employee hardship subsidies, relief funds, Employee canteen fund subsidies, employee transportation subsidies, etc. (3) Other employee welfare expenses incurred in accordance with other regulations, including funeral subsidies, pensions, settlement expenses, travel expenses for family visits, etc.

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