Accounting entries for overtime meals in the company
(1) Pay cash subsidy
Accrual time
Borrow: management fee
production cost
Sales expenses, etc.
Loan: Payable salary-welfare expenses.
time of payment
Borrow: Payable staff salaries-welfare expenses
Credit: cash on hand/bank deposit.
(2) The canteen directly provides catering.
Borrow: management fee-welfare fee
Credit: cash on hand/bank deposit.
2. The company reimburses employees for food expenses.
Borrow: management fee-welfare fee
Credit: cash on hand/bank deposit.
What is the salary payable to employees?
Salary payable to employees refers to various forms of remuneration or compensation given by enterprises in order to obtain services provided by employees or terminate labor relations. Employee compensation includes short-term salary, post-employment benefits, dismissal benefits and other long-term employee benefits.
Payables are liabilities, and the borrowing direction of payables is debit decrease and credit increase. Debit is the amount actually paid to employees, and the final credit balance reflects the unpaid employee salaries payable by the enterprise.
How much is the management fee?
Management expenses refer to the expenses incurred by enterprises for organizing and managing production and operation. Including: start-up expenses, company funds, trade union funds, directors' membership fees, legal fees and business entertainment expenses incurred by the board of directors and administrative departments in the operation and management of the enterprise or borne by the enterprise.
Management expenses belong to profit and loss subjects. Debit indicates the occurrence of management expenses, and credit indicates that the current amount of management expenses and management expenses carried forward at the end of the period will be transferred to the profit account of this year.