No provision is required, and it will be reimbursed when it is actually paid. Therefore, it is necessary to set up detailed accounting of secondary subjects of employee education funds under the salary payable to employees.

The entry is:

Reimbursement of education funds:

Borrow: Payable staff salaries-education funds

Credit: Cash on hand

Accrual function

1. On the premise of accrual basis, some expenses that have occurred but have not been actually paid are included in advance.

2. Calculate and withdraw relevant (retained, impaired) reserves according to system regulations.

3. Estimate some accounts payable.

4. Other estimated projects that meet the accounting system.

What is the timing and function of withdrawal?

Accrued opportunity

1. On the premise of accrual basis, some expenses that have occurred but have not been actually paid are included in advance.

2. Calculate and withdraw relevant (retained, impaired) reserves according to system regulations.

3. Estimate some accounts payable.

4. Other expected projects that conform to the accounting system.

The role of the four major clauses

The Ministry of Finance [1999] No.35 document emphasizes the provision of short-term investment impairment and long-term investment impairment, which can prevent listed companies from putting some unrecoverable accounts in long-term investment and short-term investment on their books to some extent;

To some extent, the inventory depreciation reserve can truly reflect the real value of the company's inventory and avoid potential loss factors in the inventory.

On the one hand, we can reflect the correctness of the company's investment and operation by drawing short-term investment impairment, long-term investment impairment and inventory depreciation reserve; On the other hand, it will not lead to inflated profits. Investors can also look at the company's development prospects and adjust the investment structure through the comparison of different periods.

Does the employee education fund need to be withdrawn?