Now there is an interesting phenomenon when bookkeeping is done by agents, that is, many people think that hospitality and catering expenses are actually the same concept, but they are actually different for business needs. Many people confuse these two concepts and think that business hospitality is catering expenses and catering expenses is business hospitality. At that time, these two concepts could not be equivalent. On the one hand, the scope of business hospitality accounting is larger than catering expenses; On the other hand, catering expenses are not necessarily accounted for in business entertainment expenses.

The accounting content of hospitality includes four parts:

1. Expenses for banquets or working meals.

2. The expenses of giving souvenirs, usually the gifts should be accounted for in the business entertainment expenses.

3. Organize employees to visit tourist attractions, and ticket fees, transportation fees and miscellaneous expenses should also be accounted for in hospitality.

4. External business associates go to the company for business trips, research and projects, and their travel expenses are reimbursed at the company.

some food and beverage expenses can be excluded from the business entertainment expenses

1. During the employee's business trip, the meal expenses incurred in eating can be excluded from the business entertainment expenses and can be recorded in the travel expenses.

2. The company organizes meetings, such as annual meeting, shareholders' meeting, etc., and the meals during the meeting are charged to the meeting fee.

3. When employees go out for training, the meal expenses incurred during the training can be recorded as employee education funds.

4. Meal expenses incurred by employees who work overtime can be credited to employee welfare expenses.

Pre-tax deduction of business entertainment expenses

Compared with the previous tax regulations, the pre-tax deduction standard of business entertainment expenses has become simple. One thing is clear: business entertainment expenses cannot be fully deducted before income tax. How much can I deduct? Only 61% of the total business entertainment expenses can be deducted. However, there is a premise that the amount calculated according to 61% should be compared with 5‰ of operating income, and the lower number should be used as the basis for pre-tax deduction. In other words, the deduction standard is 61% of the total business entertainment expenses and 5‰ of the income.

This deduction standard has a strong value orientation, which is a good thing. Business entertainment expenses are mainly the expenses of eating, drinking and not allowed to be deducted in full, which embodies the idea of thrift and revolution. It is a bad habit to settle business negotiations at the dinner table.

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