What are the accounting entries for travel advance?

Other accounts receivable accounts can be set up for the travel expenses paid in advance by employees of the company for business trips in other places. How should the corresponding accounting entries be compiled?

Travel pre-input processing

1. When making cash advances

Debit: Other receivables.

Credit: Cash on hand

2. At the time of repayment

Borrow: management fees, etc.

Credit: other receivables

Other receivables refer to all kinds of receivables and temporary payments except financial assets, notes receivable, accounts receivable, prepayments, dividends receivable, interest receivable, subrogation receivables, reinsurance receivables, reinsurance receivables and long-term receivables.

Other receivables include the following expenses:

(1) Various claims receivable and fines. For example, compensation should be charged to employees for dereliction of duty, or compensation should be charged to relevant insurance companies for accidental losses of enterprise property. ;

(2) Rent receivable of the lease package;

(3) Various prepayments that should be collected from employees, such as utilities paid for employees, medical expenses that should be borne by employees, rent, etc.;

(4) reserve fund (reserve fund allocated to the turnover of various functional departments, workshops and individuals of the enterprise);

(5) deposit, such as the deposit paid by renting a package;

(6) Dividends paid after the announcement of stock purchase (or included in "investment income") are included in the stock price;

(7) Other accounts receivable and temporary payments involved.

Travel reimbursement process

1. Provide legal bills. When asking for an accommodation ticket, the other party is required to fill in the contents of the ticket completely, including the company name, date, number of days of accommodation, unit price, amount and the person who filled in the ticket.

2. Fill in the "Five-Year Approval Form for Employee Travel". The contents include: name, destination and transportation, business mission, business trip time, and leadership approval.

3. Participants in the meeting need to attach the meeting notice signed and approved by the leaders.

4. Fill in the travel expense reimbursement form. Fill in the contents including: name, travel date, travel days, travel reasons, starting and ending places, starting and ending dates, travel expenses, accommodation fees and others.

5. Submit it to the Statistics Department for review, and then submit it to the financial review. The manager will report the approved Travel Expense Report to the company leaders for approval.

6. If the company outsources business travel allowance, it must provide accommodation invoice and catering invoices, otherwise it will be included in personal salary income.

7. The attached documents shall be signed by the manager, accounting department and financial department, and signed by the person in charge.

8. Submit financial reimbursement.