Employee benefits expense
In accounting, employee benefits expense means the employer's own share of health premiums, HSA and retirement contributions and other benefit costs, recognized in the period the cover or the service relates to. The employee's share is not in it: that was part of gross wages.
Authority: Accrual accounting — ASC 710. Sources
The lesson that teaches this
From the free founder back-office course, taught on one company's books, with exercises to work it yourself.
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- payroll expense (gross wages)
- insurance expense (the company's own policies)
Components that render the terms it depends on
No component names this concept outright, but it's built from terms that components do name. These render expense, period.
4Swaps & FX
Family spec5Ledger & tables
Family spec- PeriodPickerFiscal-aware. Never assumes January.
- FluxAnalysisPeriod-over-period explanations.
- ProfitAndLossP&L with period comparison and variance.
- ReportHeaderEntity, statement, period, basis, currency, as-of. Every figure states its basis.
- StatementTableThe shared shell: hierarchy, periods, rules.
- StatementToolbarBasis, period, comparison, currency, consolidation.
9Accounting core (GL)
Family spec12Close, controls & consolidation
Family spec13Metrics & analysis
Family specAlso in Benefits
Defined in Lexicon. This page is generated from that document, so the two can't disagree.