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How should the company reimburse employees for going abroad for further study?
In order to retain talents or help employees develop better in the future, many companies have some plans for continuing education for employees. So how should the company reimburse its employees for further education? Learn from the deep space network!

What accounting subjects should employees' reimbursement expenses for further education include?

Generally, when the expenses for further education are reimbursed, the account of "Payable Wages of Employees-Employee Education Funds" is debited, and the account of "Management Expenses-Labor Expenses-Employee Education Funds" is debited at the end of the month as the accrued education funds.

What is the scope of reimbursement for employees' further education expenses?

The expenditure scope of enterprise staff education and training funds includes: on-the-job and post-transfer training, various post adaptability training, vocational and technical level training, high-skilled personnel training, continuing education of professional and technical personnel, special operations personnel training, employee transportation training organized by enterprises, employees' participation in vocational skill appraisal, professional qualification certification and other expenses, purchase of teaching equipment and facilities, employee post self-study incentive fees, employee education and training management fees, etc.

How to do the accounting entries for extracting employee education funds?

1. Accrual time

Borrow: management expenses-employee education funds

Loans: Payables-Employee Education Fund

2. When paying the training fee

Borrow: Payable Staff Salary-Staff Education Fund

Credit: cash on hand/bank deposit.