Some enterprises will set up staff canteens in the company, and when related expenses occur, they can be included in accounts such as wages payable to employees and bank deposits. How to make specific accounting entries?

Accounting entries of staff canteen expenses

Buy vegetables, rice, noodles, oil and so on.

Borrow: Payable Staff Salary-Staff Welfare Fee (canteen)

Loan: bank deposit/cash on hand.

Pay for the canteen

Borrow: Payable Staff Salary-Staff Welfare Fee (canteen)

Loan: bank deposit/cash on hand.

Distribution by employee service object

Borrow: management expenses/sales expenses/manufacturing expenses-employee welfare expenses.

Loan: Payable Staff Salary-Staff Welfare Fee (canteen)

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. Employee compensation includes wages, bonuses, allowances and subsidies, employee welfare funds, non-monetary benefits, social insurance premiums, housing accumulation fund, trade union funds and employee education funds, paid leave, profit sharing plan, defined deposit plan, defined benefit plans, dismissal benefits, etc. Benefits provided by enterprises to employees' spouses, children, dependents, survivors of deceased employees and other beneficiaries also belong to employees' salaries.

Borrowing direction of payable employee compensation

Debit amount payable to employees' remuneration accounts, indicating the actual amount of wages and salaries, social security and provident fund paid. The amount incurred in the letter of credit indicates the amount of accrued wages and salaries, social security and provident fund. If it is the ending balance of the payable employee compensation account, it means the wages, salaries, social security, provident fund and other amounts that have not been accrued (or paid).