Training fees belong to the employee education funds payable in employee compensation.

The accounting entries are:

Debit: employee compensation payable - employee education funds

Debit: cash on hand

Debit: administrative expenses

Credit: Employee compensation payable - employee education funds

Enterprise training fees are included in the accounting of "employee education funds" and are recorded in the current profit and loss in accordance with accounting standards and are carried forward to the current period at the end of the period. annual profit. The part of the enterprise's employee education expenses that does not exceed 2.5% of the total wages and salaries can be deducted in the current period, but the excess part will be deducted in subsequent periods, and tax adjustments need to be made to confirm the deferral.

Extended information:

Social financing of training fees:

1. Training fees can be collected by the government through taxation. Secondly, the state organization and society coordinate the funding and sponsorship of various enterprises.

2. The Singapore government stipulates that all enterprises and institutions must pay skills development funds to the state. Anyone who conducts employee training can apply for skills development funds from the state. The more training, the more funds they will get. Those who do not receive training will pay the skills development fund in vain, which to a certain extent stimulates the training work of enterprises and institutions in Singapore.

3. The U.S. federal government’s funding for public employment services and vocational training mainly comes from unemployment insurance benefits (called employment security benefits in Canada). In addition, the United States also spends 3% of its fiscal budget on employment services. As one of the important strategies for employment training. In order to encourage small business training, the US government is currently trying to encourage small and medium-sized enterprises to jointly organize training by increasing part of the funding.

4. The governments of the United States and Canada mainly use government-developed training and employment projects in the use of training funds. Companies can only obtain training funds by participating in these projects; this investment method brings subsidies or "purchase" "Characteristics, quite flexible.

Baidu Encyclopedia-Training Funds