Some companies, in the course of their economic activities, pay their employees material assistance, for example, in connection with the birth of a child, the death of a loved one, and in other cases. Of course, these payments should be reflected in the accounting records.
Instructions
Step 1
First, it should be noted that material assistance is in no way related to the result of the company's activities, it has to do with payments of a non-production nature, and can be provided both to an employee and to other persons who are not part of the organization's staff.
Step 2
The amount of material assistance should be set by the head of the organization after reading the employee's application. To pay cash out of net profit, hold a meeting of owners, at which you evaluate the possibility of providing financial assistance to the applicant. Make the decision in the form of the minutes of the meeting.
Step 3
After that, transfer the solution to the accounting department, which in turn should write off this amount with the following posting:
Д84 "Retained earnings (uncovered loss)" К70 "Payments with staff on remuneration".
Step 4
You can pay this payment on the day of wages, or you can on any other. In the latter case, create a payroll. If you carry out an operation through a cashier, then make correspondence of accounts:
D70 "Payments with personnel for labor" K50 "Cashier".
Step 5
If financial assistance is paid to third parties, that is, those who are not part of the state, reflect these transactions with postings:
- Д91 "Other income and expenses" К76 "Settlements with various debtors and creditors";
- D76 "Settlements with different creditors and creditors" K50 "Cashier" or 51 "Current account".
In this case, you can also issue a payroll, or you can limit yourself to an expense cash order.
Step 6
In the event that the amount paid, according to tax legislation, is subject to personal income tax, reflect this in the accounting by posting:
D70 "Settlements with personnel for wages", 76 "Settlements with various debtors and creditors" K68 "Settlements for taxes and fees" subaccount "Personal income tax".
