During the Spring Festival, the accounting subjects of welfare expenses will involve: salary payable to employees, management expenses, bank deposits, cash on hand, income from main business, taxes payable, etc. Specifically included in the payroll account payable to employees. Spring Festival welfare generally includes: monetary welfare and physical welfare, that is, non-monetary welfare.

Accounting entries of welfare funds during the Spring Festival

1, payment of monetary benefits:

Borrow: management fee

Loan: Payables-Employee Benefits _ Monetary Benefits

Debit: Payables-Employee Benefits-Monetary Benefits

Loan: bank deposit or cash.

2. Issuance of non-monetary benefits:

Borrow: management fee

Loans: Payables _ Employee Benefits _ Non-monetary Benefits

Debit: Payables _ Employee Benefits _ Non-monetary Benefits

Loan: income from main business

Taxes payable _ VAT payable _ Output tax

or

Debit: Payables _ Employee Benefits _ Non-monetary Benefits

Loans: Goods in stock

Taxes payable-VAT payable _ _ Transfer-out input tax payable

What is the salary payable to employees?

"Payable wages" and "payable welfare expenses" have evolved into the current "payable employee salaries" subjects, which generally include employee wages, allowances, employee welfare expenses, old-age insurance premiums and unemployment insurance premiums. "Payable to employees" accounting, accounting treatment of payable to employees.

What is employee benefits?

Employees' salaries usually include cash subsidies and non-monetary collective benefits paid to or for employees, and the allowable deduction limit does not exceed 14% of wages and salaries.

The process of accounting treatment

The process of accounting treatment generally includes: filling in accounting vouchers according to original accounting vouchers; Register cash book and deposit journal according to receipt and payment voucher; Register subsidiary ledger according to accounting vouchers; According to the summary of accounting vouchers, prepare the summary table of subjects; Register the general ledger according to the subject summary table; At the end of the period, the balance sheet and income statement should be prepared according to the general ledger and the subsidiary ledger.