Financial assistance to an employee can be provided by an organization if a difficult financial situation has arisen in his family associated with an event. As a rule, this is the birth of a child, the death of a close relative, a wedding, etc. Financial support to the employee in this case is provided on a voluntary basis by the decision of the administration.
Instructions
Step 1
Ask the employee to write an application for financial assistance. In it, the employee must indicate the reason for his request and attach copies of documents (if any) confirming the situation in the family, requiring additional material costs. This can be a birth certificate, death certificate, etc. The employee's application is endorsed by the chief accountant and the head of the enterprise, the decision made by the management (to pay or refuse), as well as the amount of material assistance are stamped on the visa.
Step 2
Draw up an order in any form signed by the manager for the payment of material assistance to your employee. It must indicate to whom and in connection with what it is provided, on the basis of which documents, as well as its amount.
Step 3
Accrue and pay financial assistance to the employee on the basis of the issued order. In accordance with paragraph 23 and paragraph 49 of Article 270 of the Tax Code of the Russian Federation, the amounts of material assistance provided to an individual are not taken into account for profit tax purposes, therefore these amounts must be taken into account as part of other expenses of the organization (paragraph 2 and paragraph 12 of PBU 10/99 "Expenses organizations ").
Step 4
Reflect the accrual and payment of material assistance using account 70 "Salary". Make the following entries in the accounting records: - Debit of account 91 "Other income and expenses" (subaccount "Other expenses"), Credit of account 70 "Salary" - material assistance was accrued to the employee on the basis of the order of the head; - Debit of account 70 "Salary", Credit of account 50 "Cashier" - financial assistance was paid to an employee on an expense cash order.
Step 5
Exclude the amount of material assistance when calculating personal income tax, since in accordance with paragraph 28 of Article 217 of the Tax Code of the Russian Federation, it is exempt from personal income tax (but not more than 4,000 rubles per year).
