Does the enterprise need to accrue the annual one-time bonus based on the performance appraisal of employees? How to make relevant accounting entries?
Does the annual one-time bonus need to be accrued?
The annual one-time bonus paid by the enterprise to employees needs to be accrued. In addition, for the annual one-time bonus, the enterprise can report it together with the salary of the month or separately as the annual one-time bonus.
The entries are as follows:
Debit: management expense - annual one-time bonus
Credit: payroll payable - annual one-time bonus
When the actual payment is made, the entry is:
Debit: payroll payable - annual one-off bonus
Credit: bank deposit
Payroll payable
The annual one-time bonus refers to the one-time bonus paid to employees by withholding agents such as administrative organs, enterprises and public institutions according to their annual economic benefits and comprehensive assessment of employees' annual work performance. It includes year-end salary increase, annual salary system and performance salary system, which are paid according to the assessment results.
Can the year-end bonus paid to employees be deducted before corporate income tax?
The reasonable wage and salary expenses incurred by the enterprise are allowed to be deducted. The wages and salaries referred to herein refer to all the labor remuneration in cash or non cash form paid by the enterprise to the employees serving or employed in the enterprise in each tax year, including basic wages, bonuses, allowances, subsidies, year-end salary increases, overtime wages, and other expenses related to the employment of employees.
The above "reasonable wages and salaries" refer to the wages and salaries actually paid to employees according to the wage and salary system formulated by the General Meeting of Shareholders, the Board of Directors, the Remuneration Committee or relevant management organizations. The following principles shall be followed:
（1） The enterprise has formulated a relatively standardized salary system for employees;
（2） The salary system formulated by the enterprise conforms to the industry and regional level
（3） The wages and salaries paid by the enterprise in a certain period are relatively fixed, and the adjustment of wages and salaries is orderly;
（4） The enterprise has fulfilled the obligation of withholding and paying individual income tax on the wages and salaries actually paid according to law;
（5） The arrangement of wages and salaries shall not be for the purpose of reducing or evading taxes;
Therefore, if the year-end bonus paid by the enterprise to employees meets the above provisions, it can be included in the enterprise expenses of the current year for full deduction.
Does the year-end bonus need to be accrued? How to operate accounting entries?
1. In accounting, the year-end bonus needs to be withdrawn, because from the perspective of accounting standards, the year-end bonus belongs to the cost expenditure of the year;
2. The accounting entries are as follows:
Accrual time
Debit: management expense/sales expense/main business cost, etc. (divided by part)
Credit: payroll payable - salary
When actually issued
Debit: payroll payable - salary
Credit: bank deposit
[Extended Data]
According to the provisions of the Enterprise Income Tax Law, the enterprise needs to make final settlement before May 31 of the next year. If there is no event before May 31 that occurred to the expenses accrued in the previous year, the enterprise income tax needs to be increased.
This provision is mainly to prevent enterprises from withholding large amounts of expenses in order to pay less taxes, and then write them off from the next year. Although this provision requires enterprises to increase their tax payment, it is a time difference that they can still reduce their tax payment if they have actually paid after the event.
How to make accounting entries for one-time year-end bonus
The one-time year-end bonus entries given by the enterprise to employees are divided into three steps in practice, and the entries are detailed as follows.
1. When the one-time year-end bonus is withdrawn, the entry is.
Debit: Management expenses - year-end bonus.
Credit: Payroll payable - year-end bonus.
2. When the year-end bonus is paid and personal income tax is accrued.
Debit: Payroll payable - year-end bonus.
Credit: bank deposit.
Taxes payable - individual income tax payable.
3. When paying the corresponding individual income tax.
Debit: tax payable - individual income tax payable.
Credit: bank deposit.
