What are the accounting entries for travel service fees?

When the company organizes employees to travel, the travel expenses incurred should be accounted for through the administrative expenses-employee welfare fee account. What are the relevant accounting entries?

Travel service fee entry processing

Debit: administrative expenses - welfare fees

Credit: employee compensation payable - employee welfare fees

< p>Debit: Employee benefits payable - employee welfare fees

Credit: Bank deposits

Employee benefits payable refer to various payments given by the enterprise in order to obtain services provided by employees or to terminate the labor relationship. form of remuneration or compensation. Employee compensation includes short-term compensation, post-employment benefits, termination benefits and other long-term employee benefits. Benefits provided by an enterprise to employees’ spouses, children, dependents, survivors of deceased employees and other beneficiaries are also employee benefits.

What are the overhead costs?

Administrative expenses refer to various expenses incurred by an enterprise to organize and manage its production and operations. Including: start-up expenses incurred during the preparation of the enterprise, company funds, labor union funds, board of directors fees, litigation fees, business entertainment expenses, technology transfer fees, etc. incurred by the board of directors and administrative departments in the operation and management of the enterprise or that should be borne by the enterprise uniformly .