How to do the accounting entry of employee dormitory rent?

Enterprises provide accommodation for employees, and the corresponding rent expenditure can be accounted for through the subject of "employee compensation payable". How to make accounting entries?

Accounting treatment of employee dormitory rent

Borrow: management fee-welfare fee

Sales expenses-welfare expenses, etc.

Loans: Payables-Non-monetary Benefits

Debit: Payables-Non-monetary benefits

Loans: bank deposits

Non-monetary welfare refers to the salary paid to employees by enterprises with non-monetary assets, which mainly includes distributing self-produced products as welfare to employees, providing assets owned by enterprises to employees for free, and providing medical and health services to employees for free.

Contents of salary accounting for employees payable

The salary payable to employees belongs to liabilities, and the accounting contents include employees' wages, bonuses, allowances and subsidies; Employee welfare fund; Social insurance premiums such as medical insurance premium, endowment insurance premium, unemployment insurance premium, work injury insurance premium and maternity insurance premium; Housing accumulation fund; Trade union funds and staff education funds; Non-monetary benefits; Compensation for the termination of labor relations with employees and economic compensation for employees, that is, dismissal benefits referred to in international financial reporting standards; Other expenses related to obtaining services provided by employees.

Accounting entry for payment of rent

If the rent is paid once a month, the accounting entries are as follows:

Borrow: management expenses (sales expenses, manufacturing expenses and other subjects)-rent

Credit: cash on hand/bank deposit.

When paying the rent for one year at a time:

Debit: Prepayment-Rent

Credit: cash on hand/bank deposit.