Accounting treatment of food purchased by the company
When purchasing food for employee benefits:
1, accrued employee welfare:
Borrow: management fee
Loans: Payables-Employee Benefits
2. At the time of publication:
Debit: Payables-Employee Benefits
Loans: bank deposits
If the company is a general taxpayer and purchases food for business purposes, it will be put into storage according to the special fare, and the tax will be included in the taxable amount-VAT-input tax; If the company is small, buying food for entertainment or distributing employee benefits, it will be included in the management expenses-entertainment/welfare expenses according to the special fare tax, without tax deduction.
What does the employee welfare fund include?
According to the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Deduction of Wages, Salaries and Employee Welfare Expenses (Guoshuihan [2009] No.3): III. Deduction of employee welfare expenses The employee welfare expenses stipulated in Article 40 of the Implementation Regulations include the following contents:
(1) Equipment, facilities and personnel expenses incurred by welfare departments of enterprises that fail to perform social functions alone, including equipment, facilities and maintenance expenses of staff canteens, staff bathrooms, barbershops, infirmary, nurseries, sanatoriums and other collective welfare departments, and wages, social insurance premiums, housing accumulation funds and labor expenses of welfare department staff.
(2) Subsidies and non-monetary benefits for employees in medical care, living, housing and transportation. , including medical expenses paid by enterprises to employees traveling in different places, medical expenses of employees of enterprises who have not implemented medical co-ordination, medical subsidies for employees to support their immediate family members, heating subsidies, heatstroke prevention and cooling expenses for employees, subsidies for employees' difficulties, relief funds for employees' canteens, and transportation subsidies for employees.
(3) Other employee welfare expenses incurred in accordance with other regulations, including funeral subsidies, pension expenses, settling-in expenses, family leave travel expenses, etc.