For catering expenses and rental expenses incurred by an enterprise in holding an annual meeting, accountants generally set up management expenses and bank deposit accounts. How to deal with the related accounts?

accounting treatment of annual meeting expenses

1. Account entry of venue rental expenses

When leasing the venue, you can ask the lessor to issue an invoice for conference expenses, and then charge the expenses to the account of "management expenses-conference expenses"

Debit: management expenses-conference expenses

Loan: bank deposit

2. Account entry of catering expenses. However, due to various special reasons, the invoice cannot be issued, and it can also be included in the subject of "management fee-welfare fee"

Borrowing: management fee-conference fee/welfare fee

Lending: bank deposit (cash on hand)

What is the management fee?

management expenses refer to all expenses incurred by an enterprise for organizing and managing its production and operation.

management expenses include: start-up expenses incurred during the preparation of the enterprise, company funds, legal fees, business entertainment expenses, property tax, trade union funds, directors' membership fees, travel tax, land use tax, stamp duty and technology transfer fees incurred by the board of directors and administrative departments in the operation and management of the enterprise or borne by the enterprise.

what is a bank deposit?

Bank deposit is the money stored in the bank, which is an integral part of monetary funds.

the bank deposits of enterprises mainly include: settlement account deposits, letter of credit deposits, deposits from other places, etc. The cashier is responsible for the receipt and payment of bank deposits. For each bank deposit income and expenditure business, accounting vouchers must be prepared according to the audited original vouchers.