Business entertainment expenses, the specific scope is generally:

(1) Expenses for banquets or working meals due to the production and operation of enterprises;

(two) the cost of giving souvenirs for the production and operation of the enterprise;

(3) Expenses such as tour fees and transportation fees incurred due to the production and operation of the enterprise;

(4) Travel expenses incurred by business personnel due to the production and operation of the enterprise.

Article 43 of the current tax laws and regulations clearly stipulates that business entertainment expenses incurred by enterprises related to production and business activities shall be deducted according to 60% of the amount incurred, and the maximum amount shall not exceed 5‰ (five thousandths) of the sales (business) income of the year.

General accounting entries are as follows:

Borrow: management expenses-business entertainment expenses

Loan: bank deposit/cash on hand.

Three misunderstandings of business entertainment expenses

Myth 1: Meal fee = business entertainment fee. Not all meals are included in business entertainment expenses.

Enterprises need to judge whether meals can be included in business entertainment expenses according to the reasons, purposes and beneficiaries of meals.

For example:

The meal expenses incurred by the enterprise due to hosting or attending the meeting are included in the "meeting expenses";

The meal expenses incurred by the enterprise due to hosting or participating in the training shall be charged in the "employee education funds";

Food subsidies incurred by employees during business trips should be included in "travel expenses";

The monthly meal expenses paid by the enterprise to employees belong to employees' wages and salaries;

The meal expenses incurred by employees in the internal canteen should be included in the "employee welfare expenses";

Only when an enterprise entertains customers to meet their daily business needs can the meal expenses incurred be included in the "business entertainment expenses" according to the regulations.