Charitable fund transfer

Borrowing and paying employees' wages-wages

500

loan

bank deposit

500

If the donation is paid in advance by the enterprise, the accounting entries are as follows:

Borrowing and paying employees' wages-wages

500

loan

bank deposit

500

Donations cannot and need not be withdrawn. Donation is accidental, and there is no accrual basis and matching principle. Contributions can only be recorded when they are actually paid.

Employee donations have nothing to do with the company and cannot be charged as non-operating expenses.

Eligible employee donations can be deducted before personal income tax.