What is the proportion of employee welfare funds? How to do the accounting entries of welfare expenses in public institutions?

Every company involves welfare expenses, so what is the accrual ratio? If you don't know this part, come and learn from Deep Space Network.

What is the proportion of employee welfare funds?

The employee welfare expenses incurred by the enterprise shall not exceed 14% of the total wages and salaries, and shall be deducted.

According to No.264 [2008] of the State, in 2007, the employee welfare funds of enterprises were still deducted by 14% of the total taxable wages, and the unused part should be included in the balance of employee welfare funds. Employee welfare expenses incurred in 2008 and subsequent years shall be deducted from the balance of employee welfare expenses accrued but not actually used in previous years, and the insufficient part shall be deducted according to the provisions of the new enterprise income tax law. The balance of the employee welfare fund accrued by the enterprise in the previous year but not actually used has been deducted before tax, which belongs to the rights and interests of employees. If the use is changed, the taxable income shall be adjusted and increased.

Accounting entries related to welfare expenses of public institutions

1, extracted according to employee welfare expenses.

Debit: business expenses-welfare expenses

Loan: special fund-employee welfare fund

2. When in use

Borrow: special fund-employee welfare fund

Loans: bank deposits

3. If the company does not withdraw, it can also make accounts directly.

When the welfare fund is paid

Debit: business expenses-welfare expenses

Credit: cash

4. When distributing labor insurance supplies