Accounting entries for reimbursement of training expenses
Cumulative time:
Borrow: management expenses-employee education funds
Loans: Payables-Employee Education Fund
At the time of reimbursement:
Borrow: Payables to Employees-Employee Education Fund
Credit: cash on hand/bank deposit.
What is the difference between employee education funds and training fees?
1, training fee and employee education fee have different meanings.
Staff education funds refer to the expenses extracted from taxable wages according to a certain proportion in accordance with relevant regulations and used for the training of enterprise staff. Training fee refers to the actual expenses incurred by enterprises in training employees.
2. The scope of the two is different.
There is no reciprocal relationship between employee education funds and training fees, but employee education funds are mainly used for employee training, including rewards, continuing education and other expenses. Staff training fees mainly include special training and full-time training.
3. Income tax treatment is different.
Pre-tax deduction is allowed for the part of employees' education expenses that does not exceed 8% of total wages and salaries. The excess is allowed to be carried forward and deducted in future tax years. Staff training expenses are allowed to be fully deducted before enterprise income tax in accordance with relevant regulations.
What are the wages payable to employees?
Payables include short-term wages, 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 employee benefits.
Short-term salary refers to the salary that the enterprise needs to pay to the employees in full after the end of the annual reporting period 12 months, in addition to the compensation for terminating the labor relationship with the employees.
Post-employment benefits refer to various forms of remuneration and benefits provided by enterprises in order to obtain services provided by employees after employees retire or terminate their labor relations with enterprises, except short-term remuneration and dismissal benefits. (Endowment insurance and unemployment insurance fall into this category)
Dismissal benefits refer to the termination of labor relations between enterprises and employees before the expiration of labor contracts, or the compensation given to employees to encourage them to voluntarily accept layoffs.
Other long-term employee benefits refer to all employee salaries except short-term wages, post-employment benefits and dismissal benefits, including long-term paid absences, long-term disability benefits and long-term profit sharing plans.