In which accounting account are the annual meeting expenses included?

Every year at the end of the year, basically all companies will hold various annual meeting activities, which will involve corresponding expense issues. So which accounting account should the company’s annual meeting expenses be included in? ?Let’s take a look.

In which account are company annual membership dues included?

Membership dues are the main source of income for a group, but not necessarily the only source. Depending on the nature, mission, and rights and obligations of group members, the sources, collection methods, management methods, and uses of membership fees vary. For example, the management method of membership dues of some social groups is mainly based on the fact that government departments do not uniformly set the membership dues standards of social groups. The membership dues of social groups are purely internal affairs of the society and should be decided by the social groups themselves.

The accounting entries are as follows:

1. Debit: management expenses - welfare fees

Credit: cash on hand - bank deposits

2 , Welfare expenses are generally listed as expenses, but in some tax issues of the tax bureau, the expenses for annual dinner parties are considered not to be "welfare expenses" by tax and cannot be expensed before tax, so they are listed as entertainment expenses.

Debit: management expenses - business entertainment expenses

Credit: cash - bank deposits

The company's annual meeting expenses generally have the following situations:

1. Venue rental fee

For venue rental, generally let the other party issue an invoice for the conference fee and record it in the conference fee account.

2. Meal expenses

Meal expenses incurred at the annual meeting can be recorded in the account by requesting the conference fee invoice just like the venue rental fee. However, if there is no relevant invoice, the relevant welfare fee will be recorded.

The scope of welfare expenditures

The state has express regulations, which are mainly used for employees’ living difficulties subsidies, employees’ medical expenses, employees’ travel expenses for medical treatment abroad for work-related injuries, and various expenses of the enterprise welfare department. expenses, etc. Welfare departments mainly include: clinics, nurseries, and kindergartens. Closely adhere to the theme of "enterprises use it for the personal welfare of employees". It does not include the expenditure on the purchase and construction of collective welfare facilities for employees (such as the expenditure on building medical offices, nurseries, and kindergartens, which are listed in the "surplus reserve" account); there are some policy benefits, such as heating fees, and wages for certain positions. Labor protection fees, etc. and "medical insurance premiums paid for employees" are included in "administrative expenses" together with "pension insurance", "unemployment insurance" and "work-related injury insurance".