The accounting entries are as follows:

1. Debit: management expenses-welfare fees

Credit: cash on hand

Bank deposit

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" and cannot be listed as pre-tax expenses, so they are listed as entertainment expenses.

Debit: management expenses - business entertainment expenses

Loan: cash

Bank deposit

The company's annual meeting expenses generally include the following Situation:

1. Venue rental fee

Regarding 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.

Extended information:

Specific items of administrative expenses

1. Company expenses

Headquarters management staff salaries, employee benefits, travel expenses, Office expenses, board of directors dues, depreciation expenses, repair expenses, material consumption, amortization of low-value consumables and other company expenses.

2. Labor insurance premiums

Refers to retired employees’ pensions, price subsidies, medical expenses (including retirees’ participation in medical insurance funds), relocation expenses in other places, and employee retirement benefits , employee death and funeral subsidies, pensions, various funds paid to retired cadres in accordance with regulations, and the implementation of social pooling funds; unemployment insurance premiums refer to the unemployment insurance funds paid by enterprises in accordance with national regulations.

3. Board of Directors dues

Refer to various expenses incurred by the highest authority of the enterprise and its members to perform their functions, including travel expenses, meeting fees, etc.

4. Other expenses

The original tax law (abolished on January 1, 2008) stipulates that if an enterprise incurs business entertainment expenses directly related to production and operation, the taxpayer can provide true and effective Vouchers or materials are allowed to be expensed within the following limits. The portion exceeding the standard shall not be deducted before tax: If the annual net sales (business) income is 15 million yuan or less, the net sales (business) income shall not exceed 5‰ of the total; the portion of the annual net sales (business) exceeding 15 million yuan shall not exceed 3‰ of the net sales of that part.

Current tax law stipulates: Article 43 of the Implementation Regulations clearly stipulates that business entertainment expenses incurred by an enterprise related to production and business activities shall be deducted at 60% of the amount incurred, but the maximum shall not exceed the sales amount of the current year. 5‰ of (business) income. Sales (operating) income includes main business income and other business income.

Reference material: Management expenses-Baidu Encyclopedia