What are the enterprise accounting entries for receiving social security stable post subsidies?

Job security subsidy is a national welfare policy for enterprises, which is mainly used for employees' living allowance, payment of social insurance premiums, job transfer training, skills upgrading training and other related expenses. How to make accounting entries when enterprises receive social security post security subsidies?

Accounting entries when enterprises receive social security and job security subsidies

When the enterprise receives the account:

Debit: bank deposit

Loans: deferred income

When the enterprise incurred training expenses, social security expenses and other expenses:

Borrow: management fee

Loans: bank deposits

at the same time

Debit: Deferred income.

Loan: non-operating income

What is a stable job subsidy?

The stable post subsidy refers to the expenditure of unemployment insurance fund, which involves the living allowance of employees, payment of social insurance premiums, job transfer training, skills upgrading training and other related expenses. Subsidy after stabilization is a government policy that benefits the people. Giving full play to the important role of unemployment insurance in preventing unemployment, promoting employment, encouraging enterprises to stabilize employment and easing social contradictions will play a great role in maintaining social stability.

What is deferred income?

Deferred revenue refers to the income or income that should be recognized, which is the application of accrual basis in income recognition. This course is a liability course, and detailed accounting should be carried out according to the types of government subsidies. This account accounts for the amount of government subsidies that should be included in the current profit and loss in the future period confirmed by the enterprise according to the government subsidy standards. Government subsidies recognized by enterprises in current profits and losses shall be included in other income or offset related Chen Ben expenses according to the essence of economic business. Government subsidies unrelated to the daily activities of enterprises should be included in non-operating expenses, not in the accounting of this subject.