The expenses paid by enterprises for employees to learn advanced technology and improve their cultural level are called employee education funds. Do you need to accrue employee education funds during accounting? How to make accounting entries?

Is it necessary to accrue employee education funds in accounting?

Answer: According to Article 7 of the Accounting Standards for Business Enterprises No.9-Remuneration of Employees, the social insurance premiums and housing accumulation fund paid by enterprises for employees, such as medical insurance premiums, work-related injury insurance premiums and maternity insurance premiums, as well as the union funds and employee education funds withdrawn according to regulations, shall be calculated and determined according to the prescribed accrual basis and accrual ratio during the accounting period when employees provide services, and the corresponding liabilities shall be confirmed and included in the current profits and losses or related asset costs.

Therefore, the accounting of employee education funds needs to be accrued.

Accounting entries of employee education fund

Can be divided into two kinds of processing:

First, stipulate "expenditure" first.

When withdrawing, it is included in the current profit and loss or related capital cost according to the income object:

Borrow: management expenses-employee education funds

Sales expenses-employee education fund

Manufacturing expenses-employee education fund

R&D expenditure-employee education funds

Loans: Payables-Employee Education Fund

When paying:

Borrow: Payables to Employees-Employee Education Fund

Taxes payable-Value-added tax payable (input tax) (general taxpayers can get special tickets when spending employee education funds, and can deduct input tax according to regulations)

Loans: bank deposits

Second, "expenditure" should only be accrued:

When spending (for example, financial personnel attend financial training):

Borrow: management expenses-employee education funds

Sales expenses-employee education fund

Manufacturing expenses-employee education fund

R&D expenditure-employee education funds

Loan: Payable Staff Salary-Staff Education Fund (how much to withdraw)

Borrow: Payables to Employees-Employee Education Fund

Taxes payable-Value-added tax payable (input tax) (general taxpayers can get special tickets when spending employee education funds, and can deduct input tax according to regulations)

Loans: bank deposits