The accounting subject of "payroll payable" is used for the payment of Spring Festival benefits. The specific accounting entries are as follows:
1. Monetary welfare:
Debit: management expenses
Credit: payroll payable - employee benefits - monetary benefits
Debit: payroll payable - employee benefits - monetary benefits
Credit: bank deposit or cash
2. Non monetary welfare:
Debit: management expenses
Credit: payroll payable - employee benefits - non monetary benefits
Debit: payroll payable - employee benefits - non monetary benefits
Credit: main business income
Tax payable - VAT payable - output tax
or
Debit: payroll payable - employee benefits - non monetary benefits
Credit: inventory goods
Tax payable - VAT payable - input tax transferred out
What is payroll payable
Payroll payable refers to various forms of remuneration and other expenses paid by enterprises to obtain services provided by employees, usually including wages, bonuses and subsidies; Employee welfare expenses; Medical insurance, endowment insurance, unemployment insurance, work-related injury insurance, maternity insurance and other social insurance premiums; Housing Provident Fund; Labor union funds and employee education funds; Non monetary welfare; Compensation for termination of labor relationship with employees; Other expenses related to obtaining services provided by employees.
What is employee welfare
Employee welfare refers to the welfare benefits provided by the enterprise to employees, except for employee wages, bonuses, allowances, subsidies included in payroll management, employee education funds, social insurance premiums and supplementary endowment insurance premiums, supplementary medical insurance premiums and housing provident fund, which usually includes the following cash subsidies and non monetary collective benefits paid to or for employees, No more than 14% of wages and salaries can be deducted.
Regulations on Accounting Treatment of Employee Welfare Expenses
The current accounting standards delete the two accounts of "salary payable" and "welfare payable", and use the account of "employee compensation payable" to calculate various salaries payable by the company to employees. Employee welfare refers to the expenses paid to help employees or their families solve certain problems, overcome difficulties, or motivate employees and help them work and live, with the purpose of improving the material level of employees.
What is the accounting subject of holiday benefits for employees?
To give holiday benefits to employees, it depends on whether they are managers or workshop employees
1. Management personnel, when not issued
Debit: management expenses
Credit: payroll payable - employee welfare
2. Then when issuing
Debit: payroll payable - welfare payable
Credit: cash or bank deposit
3. Workshop staff, when not issued
Debit: manufacturing expenses
Credit: payroll payable - employee welfare
4. Then when issuing
Debit: payroll payable - welfare payable
Credit: cash or bank deposit
Extended data:
The welfare benefits provided by the enterprise to employees other than employee wages, bonuses, allowances, subsidies included in payroll management, employee education funds, social insurance premiums and supplementary pension insurance premiums (annuities), supplementary medical insurance premiums and housing provident fund, including the following cash subsidies and non monetary collective benefits paid to or for employees:
（1） Various cash subsidies and non monetary benefits granted or paid for health care and living of employees, including medical expenses for employees on business, medical expenses for employees of enterprises that have not yet implemented medical pooling
Medical subsidies for employees to provide for their immediate family members, staff recuperation expenses, subsidies for self run staff canteens or lunch expenses for the unified supply of non run staff canteens, heating subsidies and heatstroke prevention and cooling expenses in line with relevant national financial regulations.
（2） The equipment, facilities and personnel costs incurred by the internal collective welfare department of the enterprise that has not been separated, including the depreciation, maintenance and repair costs of the equipment and facilities of the collective welfare department such as the staff canteen, staff bathroom, barber room, infirmary, nursery, sanatorium, and collective dormitory, as well as the wages, social insurance premiums, housing provident fund Labor costs such as labor costs.
（3） Subsidies for employees in need, or fund expenditures specially established and managed by the enterprise as a whole for helping and relieving employees in need.
What details should be included in the bonus paid by the company in the new year
The funds distributed by employers in the past year can be included in the management expense salary and employee welfare accounts.
The bonus of management personnel is included in the management expense/salary, and the bonus of production personnel is included in the product production cost/labor cost
At the time of withdrawal (by beneficiary)
Debit: production cost
Administrative expenses
Construction in progress
Credit: payroll payable bonus
At the time of distribution
Debit: payroll payable bonus
Credit: cash
Extended data:
Detailed account of management expenses:
1. Salary of management personnel:
It refers to the salary of the personnel in the administrative department of the enterprise, such as management personnel, technicians, workers, service personnel (such as canteen cooks) who should be paid by expenses, and the salary of the personnel temporarily transferred to the administrative department to help with work and the warehouse personnel of the whole factory. However, the salaries of workers in technical schools, primary and secondary schools, nurseries, kindergartens, bathrooms outside the factory, barber rooms and staff hospitals. Not included in this project.
2. Employee welfare:
It refers to the welfare benefits provided by the enterprise to employees, except for employee wages, bonuses, allowances, subsidies included in payroll management, employee education funds, social insurance premiums and supplementary pension insurance premiums (annuities), supplementary medical insurance premiums and housing provident fund, including the following cash subsidies and non monetary collective benefits issued to or paid to employees, No more than 14% of wages and salaries can be deducted.
3. Travel expenses:
Pay various travel expenses, accommodation expenses, service assistance expenses, board expenses, and miscellaneous expenses incurred by the staff of the administrative department when they go out on business as required; Pay transfer and relocation fees for employees and their families as required; Pay the transportation expenses, accommodation expenses, food subsidies, etc. of employees suffering from occupational diseases to go to other places for medical treatment according to regulations.
4. Office expenses:
It refers to the office expenses of the administrative department such as stationery, paper printed matter (including printing fees and purchase fees for various procedures, systems, statements, bills, account books, etc.), postal and telecommunications expenses (including stamps, postage, telegraph, telephone fees, local telephone initial installation fees, as well as telephone rental outside the dispatching communication channel, etc.), office supplies, etc.
5. Depreciation expense:
It refers to the depreciation expense of various fixed assets (including fixed assets of cultural, educational, health and welfare departments) disbursed by the administrative department according to regulations.
6. Repair cost:
It refers to the repair cost of fixed assets used by the administrative department.
7. Material consumption:
Material consumption refers to various general materials (excluding repair (mainly accessories) and labor protection materials) consumed by the workshop for production and maintenance of production equipment, environment, etc
8. Amortization of low value consumables:
It refers to the reduced value and repair cost of low value consumables, tools and low value equipment used by the administrative department due to wear and tear.
9. Labor union expenses:
Refers to the funds allocated to the trade union.
10. Staff education funds:
It refers to the expenses paid by the enterprise for employees to learn advanced technology and improve their cultural level
11. Labor insurance premium:
It refers to the expenses paid by the enterprise for the retired, such as pension and pension, and also includes funeral subsidies and pension. Pension fund (including retirement pooling fund paid as required), price subsidy
Medical expenses (including the expenses paid by the enterprise for the retirees to participate in medical insurance), employee severance pay, salary of employees who have taken sick leave for more than 6 months, funeral allowance for employees, one-time compensation for pension, etc.
12. Board fees:
It refers to the daily expenses incurred by the highest authority of the enterprise (such as the board of directors) and its members to perform their functions, including travel expenses, conference expenses, transportation expenses, etc.
13. Consulting fee:
It refers to the expenses incurred by the enterprise for scientific and technological, operation and management consulting with relevant consulting institutions, including the expenses paid for hiring economic and technical consultants, legal consultants, etc.
14. Audit fee:
It refers to the various expenses incurred by the enterprise in employing a certified public accountant to conduct audit and capital verification and asset evaluation.
15. Legal costs:
It refers to various expenses incurred by the enterprise due to litigation or responding to litigation.
16. Greening fee:
Reasonable plant greening costs related to production and operation.
17. Technical development fee:
It refers to the expenses incurred by enterprises for research and development of new products, new technologies and new processes.
18. Amortization of intangible assets:
It refers to the amortization of intangible assets such as patent right, trademark right, copyright, land use right and non patented technology.
19. Business entertainment expenses:
It refers to the expenses paid by the department of the enterprise for the reasonable needs of the business operation of the enterprise. Deduct according to 60% of the amount incurred, but the maximum amount shall not exceed 5 ‰ of the sales (business) income of the current year.
20. Storage expenses:
It refers to the materials, tools, spare parts and other expenses consumed by the warehouse of enterprise materials, semi-finished products and finished products for storage, sorting and other work.
21. Insurance premium:
It refers to the property insurance premium and vehicle insurance (excluding the insurance premium on the way to purchase materials) that should be borne by the administrative department (including the welfare department).
22. Water and electricity cost:
It refers to the fees paid by the administrative department for the consumption of water, electricity and lighting materials.
23. Transportation cost:
It refers to the transportation expenses provided by the transportation department inside the factory and the transportation organization outside the factory that should be borne by the administrative department. Including road maintenance fees, management fees, fuel consumption and other materials for office vehicles. Local freight and miscellaneous charges not included in the material purchase cost.
24. Heating fee:
It refers to the heating fee paid by the administrative department, including heating fuel, steam, hot water, stoves and other expenses.
25. Guard and fire fighting expenses:
Corporate guards. Maintenance and daily expenses of the fire department. Such as fire fighting materials and supplies consumed, prevention materials and supplies, prevention publicity costs, guards and firefighters' clothing and guard fees.
26. Meeting expenses:
It refers to various expenses paid by the enterprise according to regulations for holding meetings, including conference board allowance, conference overheads, accommodation fees, conference venue rental fees, conference transportation fees, etc.
27. Staff transportation expenses:
The urban transportation subsidies paid to employees according to the scope and standard specified by the local government, the gasoline expenses, road maintenance expenses and other transportation expenses for employees' own cars and employees' private cars to and from the factory, and the travel expenses for employees to visit their families.
28. Labor protection fee:
It refers to the cost of labor protection articles, heatstroke prevention, health drinks and food (including purchased mineral water) and labor protection publicity paid to employees according to the specified standards and scope.
29. Rental fee:
It refers to the rent of various fixed assets and appliances rented from outside used by the administrative department and disbursed in the management expenses according to regulations.
30. Environmental protection and health expenses:
Refers to the industrial hygiene expenses incurred by the enterprise for the prevention of occupational diseases; Environmental protection costs incurred to protect the factory environment: "three wastes" costs; Plant cleaning costs, etc.
31. Bad debt loss:
It refers to the actually unrecoverable receivables that are approved to be written off by the enterprise or the bad debt reserves withdrawn according to regulations.
32. Inventory loss (less inventory gain):
It refers to the inventory loss of the enterprise's raw materials, self-made semi-finished products, products in process and finished products, and the net loss after deducting the compensation of the negligent person and the insurance company from the damage and scrap after offsetting the above inventory surplus.
33. Test and inspection fee:
It refers to the expenses incurred by the enterprise for testing, inspecting and testing materials or products.
34. Accrued inventory falling price reserves:
It refers to the inventory falling price reserves withdrawn by the enterprise according to regulations.
35. Other expenses:
Basic project
What is the festival fee included in?
There are two cases:
1. If your company does not implement the new accounting standards, accounting entries
Debit: administrative expenses - welfare (or welfare payable)
Credit: cash
2. If your company implements the new accounting standards, accounting entries
Debit: payroll payable - employee benefits
Credit: cash
Extended data:
An account is an account that performs classified accounting on the specific content of accounting elements according to the content of economic business and the requirements of economic management. It is called an account. Accounts are divided into general ledger accounts and detailed ledger accounts according to the level of detail of the information they provide and their control relationship. The former is an account that summarizes and classifies the specific contents of accounting elements and provides summary information, such as accounts receivable and raw materials. The latter is to further classify general ledger accounts and provide more detailed and specific accounting information accounts. For example, the "accounts receivable" account sets detailed accounts according to the debtor's name to reflect the specific object of accounts receivable. The chart of accounts is a collection of various accounts.
