Accounting entries for reimbursement of medical expenses:
Borrow: administrative expenses -- welfare expenses
Credit: payable to employees?
I. This account accounts for all kinds of remuneration payable by the enterprise to its employees in accordance with relevant regulations.
Second, this account should be in accordance with the "wages, bonuses, allowances, subsidies," "employee benefits," "social insurance premiums," " Housing Provident Fund", "Labor Union Expenses", "Employee Education Expenses", "Compensation for Dismissal of Employee Labor Relations", "Non-Monetary Benefits", "Other Services Related to Employee Services", "Employee Benefits", "Employee Benefits", "Employee Benefits", and "Employee Benefits". Other expenses related to services rendered to employees" and other items of employee compensation payable are accounted for separately.
Expanded Information:
Enterprises should, according to the target of the benefit of the services rendered by the employees, treat the incurred Employee remuneration should be handled as follows
Employee remuneration for production department personnel should be debited to the accounts of "Production Costs", "Manufacturing Expenses" and "Labor Costs" and credited to the accounts of "Production Costs", "Manufacturing Expenses" and "Labor Costs". Credited to "Production Costs", "Manufacturing Expenses", "Labor Costs".
Employee compensation for management staff is debited to "Administrative Expenses" and credited to "Administrative Expenses".
Employee compensation for sales staff is debited to "selling expenses" and credited to the account.
Employee compensation should be borne by the construction in progress and research and development expenditures, debit the "construction in progress" and "research and development expenditures" accounts, and credit the account.
Compensation for the termination of labor relations with employees is debited to the "administrative expenses" account and credited to the account.
Foreign-invested enterprises are required to withdraw employee incentives and welfare funds from net profits, debit the "Profit Distribution - Extracted Employee Incentives and Welfare Funds" account and credit the account.
Non-monetary benefits are recognized at the market fair value of the products or commodities, and are included in the cost of the related assets or in the current period's profit and loss.
Baidu Encyclopedia-Employee Compensation Payable