In order to stabilize employment and reduce unemployment rate, the state grants subsidies for stable jobs to some enterprises. For the received post stabilization subsidies, the accounting personnel generally include them in bank deposits, deferred income and other accounts for accounting. How to write the relevant accounting entries?
Accounting entry of stable post subsidy
1、 Accounting entries in the period after compensation
1. Accounting entries upon receipt of relevant consideration:
Debit: bank deposit
Credit: deferred income
Deferred income refers to the income or income to be recognized, which can also be said to be temporarily unrecognized income. It is the application of accrual system in income recognition.
2. Accounting entries for the period in which expenses or losses are recognized:
(1) Total amount method:
Debit: deferred income
Credit: non operating income
(2) Net amount method:
Debit: deferred income
Credit: administrative expenses/non operating expenses, etc
2、 Compensate accounting entries of previous periods
Total amount method:
Debit: bank deposit
Credit: non operating income
Net amount method:
Debit: bank deposit
Credit: administrative expenses/non operating expenses, etc
Administrative expenses refer to various expenses incurred by the administrative department of an enterprise for organizing and managing production and operation activities.
Non operating expenses refer to various expenditures incurred by an enterprise that are not directly related to its daily production and operation activities.
Lending direction of bank deposits
Bank deposits refer to the money that enterprises deposit in banks and other financial institutions, and cash refers to the money that is on hand for daily sporadic payments. Bank deposit is an asset category account. It is used to calculate the amount that an enterprise has in a bank settlement account. The ending balance generally appears in the debit, indicating the increase of the company's bank deposits.
In special cases, the balance may also appear in the credit, which means that the company has outstanding account items. It needs to be adjusted by preparing a bank deposit balance reconciliation table, and also needs to be checked for errors (such as reverse direction recording, duplicate expenditure records, etc.).
How to make accounting entries for post stabilization subsidies?
1. When receiving the post stabilization subsidy from the Social Security Bureau:
Debit: bank deposit
Credit: deferred income - post stabilization subsidy
2. When social security expenditure occurs:
Debit: management fees - payment of social insurance premiums
Credit: bank deposit
meanwhile
Debit: Deferred income - post stabilization subsidy
Credit: non operating income - gains from government subsidies
Accounting entries can be divided into simple entries and compound entries according to the number of accounts involved.
business accounting
In order to account for and reflect various deposits deposited by enterprises in banks or other financial institutions, the enterprise accounting system stipulates that a "bank deposit" account should be set. The debit of this account reflects the increase of enterprise deposits, the credit reflects the decrease of enterprise deposits, and the ending debit balance reflects the ending deposit balance of enterprises.
The enterprise shall conduct accounting and management in strict accordance with the provisions of the system. The enterprise shall deposit funds in banks or other financial institutions, debit the "bank deposit" title, and credit the "cash" and other related titles; When withdrawing and disbursing deposits, debit "cash" and other related subjects and credit "bank deposit" subjects.
How to make accounting entries for post stabilization subsidy
Accounting entries receiving post stabilization subsidies:
1. Period after compensation
(1) Upon receipt of relevant consideration:
Debit: bank deposit
Credit: deferred income
(2) Period of expense or loss recognition:
Total amount method:
Debit: deferred income
Credit: other income/non operating income
Net amount method:
Debit: deferred income
Credit: administrative expenses/non operating expenses, etc
2. Compensation for previous periods
Total amount method
Debit: bank deposit
Credit: other income/non operating income
Net amount method
Debit: bank deposit
Credit: administrative expenses/non operating expenses, etc
Meaning of post stabilization subsidy
In order to ensure the stability of the overall social situation and protect the rights and interests of the employees of enterprises, the national government encourages difficult enterprises affected by the international financial crisis to try not to lay off or reduce layoffs, stabilize the employment positions of enterprises, implement the subsidy policy for difficult enterprises to stabilize their jobs, and issue subsidies for affected enterprises to stabilize their jobs.
Generally speaking, the unemployment insurance fund provides job stabilization subsidies to enterprises that take various measures to stabilize jobs, do not lay off or reduce layoffs. The enterprise post stabilization subsidy is based on the local policy. Generally, enterprises that have legally participated in unemployment insurance and paid unemployment insurance premiums in full, have not laid off workers in the previous year, or the layoff rate is lower than the registered unemployment rate of cities and towns in the overall planning area, will be given a post stabilization subsidy of 50% of the total amount of unemployment insurance premiums actually paid by the enterprise and its employees in the previous year.
