Accounting entries of employee education fund
Provision of employee education funds:
Borrow: management expenses-employee education funds
Loans: Payables-Employee Education Fund
Pay staff education funds:
Borrow: Payables to Employees-Employee Education Fund
Credit: cash on hand/bank deposit.
What is the employee education fund?
Staff education funds refer to a certain proportion of the total wages of enterprises used for staff education, paid by enterprises, for staff to learn advanced technology and improve their cultural level. The employees of the unit not only have the right to receive labor remuneration, the right to enjoy collective welfare, but also the right to receive on-the-job knowledge learning and follow-up education, all of which require certain education funds.
What is the salary payable to employees?
Salary payable to employees refers to various forms of remuneration or compensation given by enterprises in order to obtain services provided by employees or terminate labor relations. Employee compensation includes short-term salary, post-employment benefits, dismissal benefits and other long-term employee benefits. Benefits provided by enterprises to employees' spouses, children, dependents, survivors of deceased employees and other beneficiaries also belong to employees' salaries.
How much is the management fee?
Management expenses refer to the expenses incurred by the administrative department of an enterprise for organizing and managing production and business activities. Specific items include: company funds, trade union funds, unemployment insurance premiums, labor insurance premiums, directors' dues, agency fees, consulting fees, attorney fees, business entertainment expenses, office expenses, travel expenses, post and telecommunications expenses, greening expenses, manager's salary and welfare expenses, etc. Refers to the expenses incurred by the board of directors and the administrative department in the operation and management of the enterprise.