First of all, hospitality mainly refers to business hospitality. Business entertainment generally refers to the reasonable and necessary expenses incurred by the company for business operation. Including: catering, accommodation, food, gifts, normal entertainment. Then, in accounting practice, how to calculate hospitality? The following examples will be used to illustrate.

First, if it is the entertainment expenses incurred by the enterprise management department, it should be included in "management expenses-business entertainment expenses". Its accounting entries are: debit: management fees-business entertainment loans: bank deposits/cash on hand.

Two, if it is the entertainment expenses of the sales department of the enterprise, it should be included in the "sales expenses-business entertainment expenses". Its accounting entries are: debit: sales expenses-business entertainment loans: bank deposits/cash on hand.

Prompt: The business entertainment expenses related to the production and operation activities of the enterprise shall be deducted according to 60% of the tax return amount, but the maximum amount shall not exceed 0.5% of the sales income of the current year.