Many enterprises give their employees very generous benefits, and many daily expenses will be reimbursed, such as catering expenses and transportation expenses. So what about the accounting for reimbursement of catering expenses?

Accounting entries for reimbursement of catering expenses

Debit: Employee-employee welfare/management expenses payable.

Credit: Cash on hand

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. Benefits provided by enterprises to employees' spouses, children, dependents, survivors of deceased employees and other beneficiaries also belong to employees' salaries.

Payables is a liability account. The credit of this account indicates that the employee's salary has been allocated and included in the relevant cost items, and the debit indicates the salary actually paid by the employee, including the deducted money. The credit balance at the end of this course reflects the unpaid salary payable by the enterprise. "Payable to employees" should also be set up according to the salary, housing provident fund, employee education funds, trade union funds, employee welfare funds, social insurance premiums, non-monetary welfare funds and other items for detailed accounting.

What is cash on hand?

Cash on hand refers to the currency deposited in the accounting department of an enterprise and managed by a cashier, which is the most liquid asset of an enterprise. The "Cash on hand" account belongs to the asset account and is used to calculate the cash on hand of enterprises. Debit reflects cash income on hand, while credit reflects cash expenditure on hand. The ending balance is on the debit side, that is, cash balance on hand, but generally not on the credit side. It should be noted that if the enterprise has internal turnover to use the reserve fund, it can set up a separate "reserve fund" account.