Employee education fund is a sum of money paid by enterprises for employees to learn advanced technology or improve their cultural level. So is the training fee the same as the employee education fund? What are the scope of employee education funds? What entry processing is involved? Deep space network has compiled relevant content, let's take a look.

Is the employee education fund a training fee?

A: Staff education funds are not equal to staff training fees. Staff education funds are mainly used for staff training. Expenditure on employee education and training includes expenditure on induction and job transfer training, on-the-job training, vocational and technical level training, high-skilled personnel training, employee transportation training organized by enterprises, continuing education of professional and technical personnel, adaptive training for various positions, training for special operators, purchase of teaching equipment and facilities, employee participation in vocational skill appraisal and vocational qualification certification, and employee education and training management expenditure.

Accounting entries related to employee education fund

1. When drawing:

Borrow: management expenses-employee education funds

Loans: Payables-Employee Education Fund

2. When making payment:

Borrow: Payables to Employees-Employee Education Fund

Loans: bank deposits

Before tax for foreign training expenses?

According to relevant regulations:

1. Training fees of administrative units shall be borne by the training organizers, incorporated into departmental budget management, and charged in daily public funds or special funds at all levels.

2. The expenses incurred by the participants in the training are only round-trip travel expenses, which should be reimbursed according to the relevant provisions of travel expenses and included in the travel expenses account.

Reference document: Measures for the Administration of Training Fees of Central and State Organs

Measures for the administration of travel expenses of central and state organs

Eight points that should be paid attention to when deducting employee education funds

Proportion of provision for employee education funds

Employee education funds refer to the enterprise's drawing a certain proportion from the total wages for employee education. Employees' education funds, which do not exceed 8% of total wages and salaries, are allowed to be deducted before enterprise income tax.