Institutions do not accrue employee welfare funds at 14%.

14% of the total wages belongs to the deduction proportion stipulated by the tax law, but not to the accrual proportion stipulated by the Ministry of Finance (accounting treatment shall follow the relevant regulations of the Ministry of Finance). Therefore, employee welfare expenses are not stipulated in the proportion of provision.

The accounting entries for welfare expenses of public institutions are:

Debit: business expenses-welfare expenses

Loan: special fund-employee welfare fund

Extended information:

Items that should be included in operating expenses should not be included in business expenses.

institutions should set up the subject of "business expenses" to account for all business expenses incurred.

when business expenses occur, debit the account of business expenses and credit the account of cash or bank deposit.

when the business expenditure is recovered in the current year, it will be offset, and when the institutions with actual internal cost accounting carry forward the sold business achievements or product costs, they will be transferred from the "finished goods" account to the "business expenditure" account.

at the end of the year, all the debit balances of undergraduate programs will be transferred to the subject of "business balance".

after year-end closing, there is no balance in this account. Institutions should set up two secondary detailed accounts of "basic expenditure" and "project expenditure" under the subject of "business expenditure", and set up a tertiary detailed account under the secondary detailed account according to the "project expenditure" level account in the government budget revenue and expenditure account for detailed accounting.

Baidu Encyclopedia-Business Expenditure