When training spans more than one year, it is important to periodise the expense so that it is properly recorded in the relevant financial year. 📅 This ensures that the Fundae subsidy is applied correctly.
🔢 Example of accounting periodisation:
At the end of the financial year (31/12/2025):
- Prepaid Expenses (Account 480.x) ➡️ Debit: xxx.xx€
- Fundae Training (Account 649.x) ➡️ Credit: xxx.xx€
This reflects that the expense has been prepaid, as the training will continue into the next year.
At the beginning of the new financial year (01/01/2026):
- Prepaid Expenses (Account 480.x) ➡️ Credit: xxx.xx€
- Fundae Training (Account 649.x) ➡️ Debit: xxx.xx€
Here, prepaid expenses are adjusted and recognised as expenses for the new year.
📘 What accounting accounts are used?
- 480.x – Prepaid Expenses: To record the expense for training that will continue in the next year.
- 649.x – Vocational Training for Employment (Fundae): To reflect the expense associated with the subsidised training.
❓Do you have any questions?
If you need more information or have any questions about billing, feel free to contact our billing department:
📧 invoices@twenix.es
We’ll be happy to help you! 😊