What are the accounting entries of the company's recruitment expenses?

With the development of modern network, many companies publish recruitment notices through recruitment websites for public recruitment. When posting a job advertisement, they need to pay the corresponding fee to the recruitment website. How to make accounting entries for the recruitment expenses incurred?

Accounting entries of company recruitment expenses

Recruitment expenses are recorded in management expenses, and there are detailed accounts of recruitment expenses. The accounting entries are as follows:

Borrow: management fee-recruitment fee

Loans: bank deposits

Management expenses refer to the expenses incurred by the administrative department of an enterprise for organizing and managing production and business activities. For example, company funds, trade union funds, directors' dues, consulting fees, attorney fees, business entertainment expenses, office expenses, post and telecommunications expenses, salaries and expenses of management personnel are all included in the management expenses. The management expenses incurred by the borrower's registered enterprise shall be transferred from the lender to the "profit of this year" at the end of the period, and there is no balance in this account after the transfer.

Can the input tax obtained from the recruitment fee be deducted?

According to the relevant provisions of Annex I: Implementation Measures of the Ministry of Finance for the Pilot Reform of State Taxation Administration of The People's Republic of China Business Tax to VAT (Caishui [2016] No.36), the input tax of the following items shall not be deducted from the output tax:

(1) Goods purchased, processing, repair and replacement services, services, intangible assets and real estate used for simple taxable items, items exempted from value-added tax, collective welfare or personal consumption. The fixed assets, intangible assets and real estate involved only refer to the fixed assets, intangible assets (excluding other equity intangible assets) and real estate dedicated to the above projects.

Taxpayers' social and entertainment consumption belongs to personal consumption.

(two) abnormal loss of purchased goods, and related processing, repair and replacement services and transportation services.

(3) Goods purchased (excluding fixed assets), processing and repair services and transportation services consumed by products in process and finished products with abnormal losses.

(four) the abnormal loss of real estate, as well as the commodity procurement, design services and construction services consumed by the real estate.

(5) Goods purchased, design services and construction services consumed by the real estate under construction with abnormal losses.

Taxpayers' newly built, rebuilt, expanded, repaired and renovated real estates are all real estate projects under construction.

(six) the purchase of loan services, catering services, daily services and entertainment services.

(seven) other circumstances stipulated by the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China. 、

The goods mentioned in Items (4) and (5) of this article refer to materials and equipment that constitute real estate entities, including building decoration materials and water supply and drainage, heating, sanitation, ventilation, lighting, communication, gas, fire protection, central air conditioning, elevators, electrical and intelligent building equipment and supporting facilities.

In line with the above provisions, the corresponding input tax shall not be deducted from the output tax. As the recruitment service fee does not meet the above requirements, the VAT input tax can be deducted as required.