How to do the accounting entries for reimbursement of travel expenses

1. If you don't borrow money from the company.

Borrow: Management Expenses Travel Expenses.

Credit: Cash. 2. When borrowing.

Debit: Other receivables * person.

Credit: Cash. 3. When reimbursement.

Spend it all. Borrow: Management Expenses Travel Expenses.

Credit: Other receivables ** person.

There is cash leftover.

Borrow: Cash. Management Expenses Travel expenses.

Credit: Other receivables ** person.

4. When making up the payment.

Borrow: Management Expenses Travel Expenses.

Credit: Cash. Other receivables - *persons.

The accounting entries for reimbursement of travel expenses are:

Spend it all. Borrow: Management Expenses Travel Expenses.

Credit: Other receivables - someone.

There is cash leftover.

Borrow: cash on hand.

Management Expenses Travel expenses.

Credit: Other receivables - someone.

At the time of retroactive payment. Borrow: Management Expenses Travel Expenses.

Credit: cash on hand.

Other receivables - someone.

Travel expense accounting treatment is one of the key entries that need to be mastered in financial and accounting work.

How to fill in the travel expense reimbursement form.

What is included in the travel expenses.

What original documents are required for reimbursement of travel expenses.

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Pay attention to the Global Online School Quick Ask how to do the accounting entries for reimbursement of travel expenses.

The accounting entries for reimbursement of travel expenses are:

Borrow: Management Expenses Travel Expenses.

Selling expenses – travel expenses.

Credit: Other Accounts Receivable, Bank Deposits, Cash in Hand.

The content of travel expense accounting: used for expenses during business trips, including the purchase of cars, ships, trains, airplane tickets, accommodation expenses, food subsidies and other expenses.

Supporting materials for travel expenses include, but are not limited to: business trip applications, invoice vouchers, etc.

1. The enterprise advances the travel expenses of the outgoing personnel, and the accounting entries are:

Debit: Other receivables – an employee.

Credit: Bank deposits.

2. The actual travel expenses incurred are less than the amount advanced, and the enterprise should recover the remaining amount, and the accounting entries are:

Borrow: Bank deposit.

Management expenses (included in relevant accounts according to the department to which the employee belongs) are not corrected.

Credit: Other receivables – an employee.

3. The actual travel expenses incurred are more than the amount advanced, and the remaining amount of the enterprise subsidy is as if the judgment is made, and the accounting entries are:

Borrow: management fees, etc.

Credit: Other receivables – an employee.

Bank deposits. Travel expenses refer to various expenses such as transportation, accommodation, and miscellaneous expenses incurred during the business trip. Travel expenses are an important recurrent expenditure item for administrative institutions and enterprises.

The reimbursement of travel expenses by enterprises shall be accounted for through the account of "other receivables", and shall be recovered or subsidized according to the actual reimbursement expenses incurred by the outgoing personnel.

When the company's employees reimburse travel expenses, the enterprise according to the department to which the employee belongs, filial piety is included in the corresponding management expenses, sales expenses and other subjects, if the general taxpayer obtains deductible invoices, it also happens that the corresponding input tax should be confirmed, and its entries are, debit: management expenses - travel expenses, tax payable - value-added tax payable - input tax, credit: cash, etc.