How to make accounting entries for company travel expenses?

In order to arouse the enthusiasm of employees, most companies now organize internal employees to carry out group construction, such as group tours. Then, how to make accounting entries for the expenses incurred in tourism?

Accounting entries of company travel expenses

Cumulative time:

Borrow: management expenses-employee welfare expenses

Loan: wages payable to employees.

At the time of reimbursement:

Debit: payable to employees.

Credit: Cash on hand

Management expenses refer to the expenses incurred by enterprises for organizing and managing production and operation. Including: start-up expenses, company expenses, legal fees, business entertainment expenses, trade union expenses, directors' membership fees, and technology transfer expenses incurred by the board of directors and administrative departments in the operation and management of the enterprise or borne by the enterprise.

Enterprises should account for the occurrence and carry-over of management expenses through the subject of "management expenses". This course debits the management expenses incurred by the registered enterprise, and the management expenses at the end of the credit registration are transferred to the "profit of this year" course. After the transfer, this account should have no balance. This course carries out detailed accounting according to the expenditure items of management expenses.

Salary payable to employees refers to various forms of remuneration or compensation given by enterprises in order to obtain services provided by employees or terminate labor relations. Employee compensation includes short-term salary, post-employment benefits, dismissal benefits and other long-term employee benefits. Benefits provided by enterprises to employees' spouses, children, dependents, survivors of deceased employees and other beneficiaries also belong to employees' salaries.

The direction of wage loans payable to employees is to reduce borrowers and increase lenders. Debit is the amount actually paid to employees, and the final credit balance reflects the unpaid employee salaries payable by the enterprise.

How to share the expenses of corporate tourism?

According to the department of tourists, it is included in different subjects, such as management expenses, sales expenses, manufacturing expenses, etc. Travel expenses are not allowed to be deducted before tax and need to be adjusted.

In practical work, some enterprises list travel expenses as employee welfare expenses and pay them before tax.

Pre-tax deduction shall be made in accordance with Article 40 of the Regulations for the Implementation of the Enterprise Income Tax Law: if the employee welfare expenses incurred by the enterprise do not exceed 14% of the total wages and salaries, deduction shall be allowed.