Food expenses, how to account for them, and how to account for food expenses

The food expenses of the company's employees should be accounted for through the salary payable to employees and included in the welfare expenses.

Now the welfare expenses do not need to be accrued, and can be directly included in the current welfare expenses when they occur.

Expenditure: Borrow: Employee remuneration --- welfare expenses payable.

Credit: cash on hand.

Carry forward at the end of the month. Borrow: administrative expenses (or sales expenses, production costs, manufacturing expenses, etc.) - welfare expenses.

Credit: Employee compensation --- benefits payable.

Invoices are required for accounting, and the same is true for employee welfare expenses, otherwise they are not allowed to be deducted before corporate income tax.

It is not that those without invoices are included in the welfare expenses, and those with invoices can be directly included in the expenses.

1) The part of the employee welfare expenses incurred by the enterprise shall not exceed 14% of the total wages and salaries shall be allowed to be deducted.

2) The part of the trade union funds allocated by the enterprise shall not exceed 2% of the total wages and salaries to be deducted.

3) Except as otherwise stipulated by the competent financial and taxation authorities, the part of the employee education expenses incurred by the enterprise that does not exceed the total wages and salaries shall be allowed to be deducted, and the excess part shall be carried forward to the subsequent tax year for deduction.

Yes, the cost of food belongs to the welfare aspect, which can be included in the management cost.

The cost of food is recorded as follows:1. When the company's canteen incurs food material expenditures:

Borrow: Employee Compensation Payable - Employee Benefits.

Credit: Bank deposits (or cash in hand accounts).

2. When assigning according to the employee service object:

Credit: Employee Compensation Payable - Employee Benefits.

3. When accruing the depreciation of the company's canteen machinery:

Credit: Accumulated depreciation.

The food expenses in the company's canteen shall be recorded as employee welfare expenses and accounted for through the account of "employee remuneration payable".

The food expenses received by the enterprise canteen need to confirm the corresponding account according to the situation. If the enterprise collects food expenses and pays them to the units that provide them, they can be included in other accounts payable for accounting, and if the enterprise provides food by itself and obtains income from it, it can be included in other business income for accounting.

The current financial system of state-owned tourism enterprises only stipulates that the 102 state-owned enterprises of the former Jianguo Hotel can provide working meals for employees free of charge, which are included in the cost. Therefore, in addition to tourist hotels, other tourism enterprises and catering and service enterprises are not subject to this provision for the time being.

The food expenses of factory employees can be included in the salary payable to employees, and the secondary subjects are: wages, bonuses, allowances and subsidies, and the accounting entries are:

Borrow: Remuneration payable to employees – wages, bonuses, allowances and subsidies.

Credit: Bank Deposits Cash on hand.

Employee Compensation Payable Account:

1. The nature of the account: the liability account, 2. The purpose of the account: it is used to calculate the remuneration paid by the enterprise to the employees in accordance with the relevant regulations. Employee incentives and benefits** extracted from net profit by the enterprise in accordance with the regulations are also accounted for in this account.

3. Account structure: credit is added to register various salaries payable to employees in the current period; The debit is debited and the various remunerations actually paid are recorded. The closing balance is generally credited and represents the various remunerations that have not yet been paid to the employee.

4. Detailed accounts: "wages, bonuses, allowances and subsidies", "employee welfare", "social insurance", "housing provident fund", "trade union funds", "employee education funds" and so on should be set up for accounting.

Look at what unit it is, some construction sites are covered with food and accommodation, so it should be included, take the fish bubble as an example, many times it is packed with food and housing, so it is very convenient and cost-saving.

When the enterprise canteen provides free meals for employees, it should be accounted for through the "employee remuneration payable" account.

Remuneration payable to employees refers to various forms of remuneration or compensation given by enterprises for obtaining services provided by employees or terminating labor relations. Management expenses refer to the expenses incurred by an enterprise in organizing and managing the production and operation of the enterprise.

At the end of the month, the cost of dining in the canteen will be summarized and the following entries will be made:

Borrow: Employee remuneration and benefits payable; Credit: cash on hand. At the same time, accrual.

Borrow: management expenses - welfare expenses; Credit: Employee compensation --- benefits payable. Under the new accounting standards, the remuneration payable to employees is a collection account, and generally speaking, all those who have a little benefit from employees are included in this account, and the reason for the provision is that it is also an expense included in the management expenses in the income statement.

Accounting and bookkeeping steps:

Accounting bookkeeping, also known as accounting practice, refers to the process of accounting processing, generally from the beginning of filling in vouchers to the end of preparing statements.

1. Review according to the various original vouchers transferred by the cashier, and prepare accounting vouchers after the audit is correct.

2. Register various detailed ledgers according to the accounting vouchers.

3. At the end of the month, make accrual, amortization, and carry-over accounting vouchers, summarize all accounting vouchers, prepare a summary table of accounting vouchers, and register the general ledger according to the summary table of accounting vouchers.

4. Checkout and reconciliation. Make sure that the account certificate is consistent, the account is consistent, and the account is consistent.

5. Prepare accounting statements, make the figures accurate, complete the content, and analyze and explain.

6. Bind the accounting vouchers into a book and keep them properly.

1. When the enterprise pays for the canteen and purchases vegetables, rice, noodles, oil and other ingredients:

Borrow: Employee Compensation Payable - Employee Benefits.

Credit: Bank deposits.

2. Allocate expenses according to the department to which the employee belongs

Borrow: Administrative Expenses - Employee Benefits.

Credit: Employee Compensation Payable - Employee Benefits.

The canteen of the enterprise is to provide services for the employees of the unit, and should be accounted for through the account of "employee remuneration payable - employee welfare expenses", which refers to the expenses paid for promoting the material interests of employees, helping employees and their families to solve some special difficulties, and setting up collective welfare undertakings, including medical expenses for employees, subsidies for employees' living difficulties, subsidies for collective welfare and other welfare benefits.

The accounting treatment is, borrowing: production cost base surplus, manufacturing expenses, management expenses and other accounts, credit: employee remuneration payable - welfare expenses.

When the actual payment of employees' food expenses is paid, the accounting treatment is: borrowing: payable employees' salaries - welfare expenses, credit: bank deposits and other accounts.