Enterprises will inevitably produce various expenses in the process of development, among which many accountants are not clear about how to deal with an employee education fund. In this regard, the deep space network will interpret it for you one by one.

Does the employee education fund need to be withdrawn?

There will be various expenses in the process of enterprise development, and accountants need to handle all kinds of expenses for the enterprise according to the actual situation of enterprise development. Staff education funds do not need to be accrued, but are reimbursed when actually paid. Therefore, it is necessary to set up a secondary subject of employee education funds under the salary payable to employees.

Relevant national policy documents

According to the provisions of Article 42 of the Enterprise Income Tax Law, unless otherwise stipulated by the competent departments of finance and taxation of the State Council, the part of the employee education expenditure incurred by the enterprise that does not exceed 2.5% of the total wages and salaries is allowed to be deducted; The excess shall be allowed to be carried forward and deducted in future tax years.

Relevant accounting entries are as follows:

1. Reimbursement for education expenses when it actually happens.

Borrow: Payable staff salaries-education funds

Credit: Cash on hand

2. Month-end distribution

Debit: Manufacturing Cost/Management Cost

Loans: Payables-Education Fund

Calculation base of employee education funds:

The calculation base of industrial education funds is the reasonable wages and salaries incurred by enterprises. "Reasonable wages and salaries" refers to the total wages and salaries actually paid to employees by an enterprise in accordance with the wage and salary system formulated by the shareholders' meeting, the board of directors, the remuneration committee or relevant management institutions. It does not include social insurance premiums and housing accumulation funds such as employee welfare fees, employee education fees, trade union funds, pension insurance, medical insurance, unemployment insurance, work injury insurance, maternity insurance, etc. The wages and salaries of state-owned enterprises shall not exceed the limits given by the relevant government departments; The excess shall not be included in the total wages and salaries of the enterprise, nor shall it be deducted when calculating the taxable income of the enterprise.