How to do the accounting entries of company employees' travel?

for the expenses incurred by employees' travel in the company, accounts such as employees' salaries payable and bank deposits are usually set for accounting treatment. How to make specific accounting entries?

accounting entries of employees' travel in the company

1. Travel organized by the company

Borrowing: management expenses-welfare expenses

Loan: salary payable to employees

When paying:

Borrowing: salary payable to employees

Loan: bank deposit/cash on hand

2. Travel organized by the company in the name of the trade union <

the salary payable to employees refers to various forms of remuneration or compensation given by enterprises for obtaining services provided by employees or dissolving 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 enterprise accounts for the accrual, settlement and use of the payable employee salary through the account of "Payable Employee Salary". "Payable employee salaries" shall be accounted for in detail by setting up detailed accounts according to wages, bonuses, allowances and subsidies, employee welfare funds, non-monetary benefits, social insurance premiums, housing accumulation funds, trade union funds and employee education funds, paid absences, profit sharing plans, defined escrow plans, defined benefit plans, dismissal benefits and other subjects.

how to understand the management expense account?

management expenses belong to the period expenses, and they are included in the losses or benefits of the current period when they occur. Enterprises should account for the occurrence and carry-over of management expenses through the subject of

management expenses

. The debit of this account registers the management expenses incurred by the enterprise, and the credit is transferred to the management expenses of the

current year's profit

account at the end of the registration period. After the transfer, there should be no balance in this account, and this account is accounted for in detail according to the expense items of management expenses.