With the modern more and more networked, many companies are through the job site to publish job postings for open recruitment, publishing job postings, the need to pay the appropriate fees to the job site. How to make accounting entries for the recruitment fee expenses incurred?

Accounting entries for recruitment expenses

Recruitment expenses are recorded in administrative expenses, under the recruitment fee subheading, the accounting entries are as follows:

Borrow: Administrative Expenses - Recruitment Expenses

Credit: Bank Deposits

Administrative expenses refer to the administrative department of the enterprise in order to organize and manage the production and management of the activities of a variety of costs incurred. For example, such as company funds, labor union funds, board of directors' fees, consulting fees, litigation fees, business hospitality, office expenses, postage, management salaries and fees, etc. are included in administrative expenses. The debit side of the registration of all administrative expenses incurred by the enterprise, the credit side of the end of the period transferred to the "profit for the year" account of administrative expenses, after the carry-over of the account has no balance.

Can the input tax on recruitment expenses be deducted?

According to the relevant provisions of Annex I: Implementation Measures for the Pilot Program of Business Tax Conversion to Value-added Tax of the Ministry of Finance and the State Administration of Taxation on the Comprehensive Launching of the Pilot Program of Business Tax Conversion to Value-added Tax (Cai Shui [2016] No. 36), the input tax of the following items is not allowed to be deducted from the output tax:

(1) It is used in the items of the simplified method of tax calculation or the items of the exemption from value-added tax, Collective welfare or personal consumption of purchased goods, processing, repair and fitting services, services, intangible assets and real estate. The fixed assets, intangible assets and immovable properties involved refer only to those fixed assets, intangible assets (excluding other equity intangible assets) and immovable properties used exclusively for the above projects.

The taxpayer's consumption for socializing and entertainment is personal consumption.

(ii) Unusual loss of purchased goods, as well as related processing, repair and fitting services and transportation services.

(c) Purchased goods (excluding fixed assets), processing, repair and fabrication services and transportation services consumed in products in process and finished goods that are not normal losses.

(iv) Unusual loss of real estate, as well as purchased goods, design services and construction services consumed by the real estate.

(v) Purchased goods, design services and construction services consumed in the construction in progress of the real estate that is not a normal loss.

Taxpayers' new construction, remodeling, expansion, repair and decoration of real estate are all real estate construction in progress.

(vi) Purchased loan services, catering services, residents' daily services and entertainment services.

(vii) Other cases stipulated by the Ministry of Finance and the State Administration of Taxation. ,

The goods referred to in items (4) and (5) of this Article refer to the materials and equipment constituting the entity of the real estate, including construction and decoration materials and water supply and drainage, heating, sanitation, ventilation, lighting, communication, gas, fire-fighting, central air-conditioning, elevator, electrical, intelligent building equipment and ancillary facilities.

If the above provisions are met, the corresponding input tax is not deductible from output tax. As the recruitment service fee does not meet the above provisions, then the VAT input tax can be deducted according to the provisions.