How to account for the New Year items given to employees
Employee benefits are accrued as "Salary Payable to Employees - Employee Benefits" and can be directly included in expenses, generally regarded as "administrative expenses" "Enter the account.
1. Provision for employee welfare expenses:
Debit: administrative expenses
Credit: employee benefits payable - employee benefits
2. Disbursement of employee benefits:
Debit: employee compensation payable - employee benefits
Credit: bank deposits
What accounting items are included in the bonuses paid to employees?
When accruing:
Debit: production costs, manufacturing expenses, operating expenses, management expenses, etc.
Credit: employee compensation payable - bonus
When disbursing:
Debit: employee compensation payable - bonus
Credit: bank deposit or cash
Can employee welfare fees be paid in cash
Guo Shui Han [2009] No. 3 Notice of the State Administration of Taxation on the Deduction of Enterprise Wages and Salaries and Employee Welfare Fees: 3. Regarding the Deduction of Employee Welfare Fees Enterprise Employee Welfare as stipulated in Article 40 of the Implementation Regulations Expenses include the following:
(1) For enterprises that have not yet implemented the separation of social functions, the equipment, facilities and personnel expenses incurred by the welfare department, including employee canteens, employee bathrooms, hairdressers, Equipment, facilities and maintenance costs of collective welfare departments such as medical clinics, nurseries and nursing homes, as well as wages and salaries, social insurance premiums, housing provident funds, labor fees, etc. of welfare department staff.
(2) For employee health Various subsidies and non-monetary benefits provided for health care, living, housing, transportation, etc., including medical expenses paid by enterprises to employees for medical treatment in other places, medical expenses for employees of enterprises that do not implement medical coordination, medical subsidies for employees to support immediate family members, and heating expenses Subsidies, employee heatstroke prevention and cooling expenses, employee hardship subsidies, relief funds, employee canteen fund subsidies, employee transportation subsidies, etc.
(3) Other employee welfare expenses incurred in accordance with other regulations, including funeral subsidies, pensions, etc. Expenses, settling-in expenses, travel expenses for family visits, etc. According to the above provisions on the scope of welfare fees, cash payments do not fall within the scope of welfare fees and cannot be deducted before income tax.
How to account for the New Year items given to employees? Generally speaking, this Items of this kind are recorded according to welfare fees, because this is a welfare package paid to employees. It is OK to record it according to welfare fees when doing accounting. In addition, if the company is paying employees directly instead of buying items. , the entry method will be different when entering the account.