{"id":2053,"date":"2024-03-11T09:29:26","date_gmt":"2024-03-11T08:29:26","guid":{"rendered":"https:\/\/www.educapharos.com\/?p=2053"},"modified":"2024-03-05T09:29:58","modified_gmt":"2024-03-05T08:29:58","slug":"how-to-account-for-subsidized-training","status":"publish","type":"post","link":"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/","title":{"rendered":"How to Account for Subsidized Training Courses"},"content":{"rendered":"<p class=\"wp-block-paragraph\">In today's fast-paced business world, <strong>Continuing education is essential for growth and adapting to change.<\/strong> For companies, subsidized training is a valuable opportunity to <strong>enhance the development of their human capital without significantly impacting their budgets<\/strong>. In this article, we'll explore how to effectively account for subsidized training, maximizing the benefits for companies.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Contents\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/#%C2%BFQue_son_los_cursos_de_formacion_bonificada\" >What are subsidized training courses?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/#Contexto_normativo_y_marco_legal\" >Regulatory Context and Legal Framework<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/#Sanciones_y_Consecuencias_Legales\" >Penalties and Legal Consequences<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/#Requerimientos_de_FUNDAE\" >FUNDAE Requirements<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/#Contabilizacion_de_los_cursos_de_formacion_bonificada\" >Accounting for Subsidized Training Courses<\/a><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><ul class='ez-toc-list-level-5' ><li class='ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/#Paso_1_Registro_de_la_factura\" >Step 1: Invoice Entry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/#Paso_2_Aplicacion_de_la_bonificacion\" >Step 2: Applying the discount<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/#Paso_3_Ajuste_de_la_cuenta_de_gastos\" >Step 3: Adjusting the Expense Account<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/educapharos.com\/en\/blog\/recursos-laborales\/como-contabilizar-la-formacion-bonificada\/#Ejemplo_practico_de_contabilizacion\" >Practical Example of Accounting Entry<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%C2%BFQue_son_los_cursos_de_formacion_bonificada\"><\/span><strong>What are subsidized training courses?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Subsidized training courses<strong> These are training programs that are partially or fully funded by the State Foundation for Employment Training (FUNDAE). <\/strong>These training programs are designed to improve employees' skills and competencies, which in turn can increase the company's productivity and efficiency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, this mechanism<strong> It allows companies to finance their employees' training through credits available from their Social Security contributions.<\/strong> Consequently, subsidized training <strong>It is a valuable tool<\/strong> for companies that wish to invest in their employees' professional development. However, correctly accounting for subsidized training is essential to comply with current regulations and avoid penalties.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Contexto_normativo_y_marco_legal\"><\/span><strong>Regulatory Context and Legal Framework<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The accounting treatment for subsidized training is <strong>strictly regulated by Law 30\/2015, which establishes the Vocational Training System for employment in the workplace.<\/strong> In addition, Royal Decree 694\/2017 and Order TAS\/2307\/2007 set forth the obligations of beneficiary companies with regard to vocational training.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sanciones_y_Consecuencias_Legales\"><\/span><strong>Penalties and Legal Consequences<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Failure to comply with accounting guidelines may result in severe penalties. Companies that do not identify all expenses and credits under the heading \u201cVocational Training for Employment\u201d in a separate account or specific line item could<strong> face administrative and financial penalties.<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Requerimientos_de_FUNDAE\"><\/span><strong>FUNDAE Requirements<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">FUNDAE has stepped up its efforts to ensure compliance with these regulations, <strong>requesting evidence of the proper accounting treatment of subsidies and expenses related to subsidized training.<\/strong> It is crucial to strictly adhere to legal and accounting guidelines to ensure transparency in the management of funds allocated for training.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Contabilizacion_de_los_cursos_de_formacion_bonificada\"><\/span><strong>Accounting for Subsidized Training Courses<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Accounting for subsidized training courses can be a bit complex and involves the following steps:<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Paso_1_Registro_de_la_factura\"><\/span><strong>Step 1: Invoice Entry<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">When a company receives an invoice from the training provider, <strong>You must record it in your accounting records.<\/strong> The invoice is recorded as a training expense in the appropriate account.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Paso_2_Aplicacion_de_la_bonificacion\"><\/span><strong>Step 2: Applying the discount<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">Once the company has paid the invoice, <strong>You can apply for the rebate through FUNDAE. <\/strong>This bonus is recorded as revenue in the company's financial statements.&nbsp;<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Paso_3_Ajuste_de_la_cuenta_de_gastos\"><\/span><strong>Step 3: Adjusting the Expense Account<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, the company<strong> You must adjust the training expense account to reflect the rebate received.<\/strong> This is done by subtracting the amount of the rebate from the total training expenses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Ejemplo_practico_de_contabilizacion\"><\/span><strong>Practical Example of Accounting Entry<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Let's look at a practical example to see exactly how to account for subsidized training. Suppose a company receives one invoice for training administration and another invoice for the cost of the training. Let's see how to record these journal entries:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Invoice issued by the training provider to the company receiving the subsidy:<\/strong><\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Processing fee: 100 \u20ac + 21% VAT = 121\u20ac<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\" start=\"2\">\n<li><strong>Invoice issued by the training center to the eligible company:<\/strong><\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cost of the training: 900\u20ac (VAT-exempt)<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\" start=\"3\">\n<li><strong>Payroll data for the company that will issue the credit:<\/strong><\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gross pay: \u20ac10,852.88<\/li>\n\n\n\n<li>Social Security contributions paid by the company: 3,682.80 \u20ac<\/li>\n\n\n\n<li>Social Security contributions paid by employees: \u20ac1,069.20<\/li>\n\n\n\n<li>Income Tax: 8%<\/li>\n<\/ul>\n\n\n\n<ol class=\"wp-block-list\" start=\"4\">\n<li><strong>Additional information:<\/strong><\/li>\n<\/ol>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The training takes place in April.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Accounting Entries<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The organizing entity submits the invoice to the subsidized company for the training administration fees and the training costs.<\/li>\n\n\n\n<li>Subsidized training is recorded in subgroup 74, \u201cRevenue from on-the-job training,\u201d or subgroup 75, \u201cOther operating revenue.\u201d.<\/li>\n\n\n\n<li>The invoice for subsidized training is recorded in subgroup 64, \u201cPersonnel Expenses,\u201d or subgroup 62, \u201cOutside Services.\u201d.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Therefore, <strong>Proper accounting for subsidized training requires strict adherence to regulations and collaboration between the accounting and human resources departments.<\/strong> Be sure to keep accurate records and comply with legal requirements to get the most out of this valuable business development tool!<\/p>","protected":false},"excerpt":{"rendered":"<p>En el din\u00e1mico mundo empresarial actual, la formaci\u00f3n continua es esencial para el crecimiento y la adaptaci\u00f3n a los cambios. Para las empresas, la formaci\u00f3n bonificada se presenta como una preciada oportunidad para potenciar el desarrollo de su capital humano sin afectar significativamente sus presupuestos. En este art\u00edculo, descubriremos c\u00f3mo contabilizar la formaci\u00f3n bonificada de [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":2054,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[12],"tags":[],"class_list":["post-2053","post","type-post","status-publish","format-standard","has-post-thumbnail","category-recursos-laborales"],"acf":[],"_links":{"self":[{"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/posts\/2053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/comments?post=2053"}],"version-history":[{"count":4,"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/posts\/2053\/revisions"}],"predecessor-version":[{"id":2058,"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/posts\/2053\/revisions\/2058"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/media\/2054"}],"wp:attachment":[{"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/media?parent=2053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/categories?post=2053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/educapharos.com\/en\/wp-json\/wp\/v2\/tags?post=2053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}