Guidance on Accounting for Revenue and Expenditure of Grassroots Trade Union Funds

12:41, 11/07/2024

The Vietnam General Confederation of Labor issues Official Dispatch 1232/TLD guiding the accounting of receivable funds, payable funds, and cost-saving funds at grassroots-level trade unions.

Accordingly:

- Upon receiving funds, trade union dues, and reduced funds remitted by the basic trade union (in cases where the basic trade union is delegated to collect), the accountant at the direct superior trade union records:- Debit Account 111, 112- Credit Account 354.1: The amount of funds and trade union dues that the basic trade union must remit to the superior trade union as per the prescribed percentage → apply item 44.00- Credit Account 354.2: The amount of reduced funds remitted by the basic trade union to the superior trade union → apply item 44.00- When the direct superior trade union receives funds from agencies, organizations, and enterprises (in cases where the basic trade union is not delegated to collect, and offsets trade union dues and reduced funds), record:- Debit Account 111, 112- Credit Account 511 → apply item 22.00

Refer to guidance in Official Dispatch 1232/TLD dated August 1, 2017.

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