How to make entries for Mid-Autumn Festival welfare fees? The relevant content is as follows:

1. Voucher for the payment of Mid-Autumn welfare fees

First of all, the company needs to formulate policies and amount standards for the payment of Mid-Autumn welfare fees, and determine the Mid-Autumn benefits that each employee will receive fee amount.

Once determined, the following accounting treatments can be performed:

2. Accounting voucher

Accounting voucher 1: Disbursement of Mid-Autumn Festival welfare fees

Credit: bank account (if issued in cash) or inventory account (if issued in kind)

This entry indicates that the enterprise pays Employees are paid Mid-Autumn Festival welfare fees. The debit amount is equal to the total amount of Mid-Autumn Festival welfare fees for all employees, and the credit amount is equal to the same total amount.

Accounting Voucher 2: Withholding of Personal Income Tax

Debit: Personal Income Tax Payable Account

Credit: Employee Welfare Expense Account

According to Chinese tax laws, personal income tax is required to be withheld for Mid-Autumn Festival welfare fees. The debit amount is equal to the amount of personal income tax withheld, and the credit amount is equal to the debit amount of the employee benefit expense account.

3. Processing of issuing in-kind benefits

If an enterprise chooses to issue Mid-Autumn Festival benefits in kind, such as moon cakes or gift cards, additional accounting processing is required:

Accounting Voucher 3: Inventory Reduction

Debit: Inventory Account

Credit: Employee Welfare Expense Account

This entry indicates that inventory has decreased. Because part of the inventory is used to distribute Mid-Autumn Festival benefits. The debit amount equals the cost value of the physical gift and the credit amount equals the same amount.

Accounting voucher four: Cost of purchasing gift cards or moon cakes

Debit: employee welfare expense account

Credit: bank account (if paid in cash) or payable Account (if paid on credit)

This entry indicates that the business paid the cost of purchasing gift cards or mooncakes. The debit amount equals the purchase cost and the credit amount equals the same amount.

4. Handling of personal income tax

Enterprises need to withhold personal income tax in accordance with national tax laws after paying Mid-Autumn Festival welfare fees, and hand over the withheld personal income tax to the tax department. The processing of personal income tax includes not only withholding, but also procedures such as tax filing and payment, so detailed tax processing is required.