How To Calculate The Staff Welfare Fund Of Public Institutions?

The employee welfare fund refers to funds extracted from a certain proportion of balances and pferred to other employees for collective welfare facilities and collective welfare benefits according to other regulations.

The sources of the staff welfare fund include: first, the employee welfare fund extracted according to a certain proportion of the surplus; two, the staff welfare cost collected from the business expenses or the operating expenses according to the personnel quota is accounted for in the special fund.

However, there are differences between the two: the expenditure on collective welfare, such as expenditures for collective welfare facilities, subsidies for logistic services, subsidies for unit canteens, and overexpenditure of public medical expenses for employees, according to the state regulations, can be borne by other expenses of employees' welfare funds.

According to the prescribed standard, the welfare cost is mainly used for personal expenses of employees, which is used for basic welfare payments of employees, such as the allowance for living difficulties of employees.

In some specific expenditure items, welfare funds and welfare costs can also be used in combination.

The employee's welfare fund is calculated according to a certain percentage of the balance. The accounting entries are: the balance of money: the special fund, the employee welfare fund, the staff welfare cost drawn according to the quota of the staffing. Its entry is:: the business expenditure, the loan: the special fund, the employee welfare fund, when it is used, the accounting entry is: