First, the content of employee compensation
1. Short-term salary: refers to the employee's salary that the enterprise needs to pay in full within 12 months after the end of the annual reporting period when the employee provides relevant services, except for the compensation for terminating the labor relationship with the employee. Specifically including:
1) Staff salaries, bonuses, allowances and subsidies
2) employee welfare fund
3) Social insurance such as medical insurance premium and industrial injury insurance premium.
4) Housing accumulation fund
5) Trade union funds and staff education funds
6) short-term paid vacation
7) Short-term profit sharing plan
8) Other short-term remuneration
2. Post-employment benefits: refers to various forms of remuneration and benefits (except short-term remuneration and dismissal benefits) provided by an enterprise for the services provided by employees after their retirement or termination of labor relations.
3. Dismissal benefits: refers to the termination of labor relations with employees before the expiration of their labor contracts, or compensation given to employees to encourage them to voluntarily accept layoffs.
4. Other long-term employee benefits: refers to all employee benefits except short-term salary, post-employment benefits and dismissal benefits, including long-term paid absence, long-term disability benefits and long-term profit sharing plans.
Second, the accounting of short-term salary
1, monetary employee compensation
1) salaries, bonuses, allowances and subsidies
① Provide employee compensation (according to the beneficiary)
Debit: production cost (production personnel)
Manufacturing cost (workshop manager)
Administrative expenses (administrative personnel)
Sales expenses (sales staff)
Construction in progress (infrastructure personnel)
Labor costs (laborers), etc.
Loans: Payables-salaries, bonuses, allowances and subsidies.
② Pay wages, bonuses, allowances and subsidies.
Debit: Payables-salaries, bonuses, allowances and subsidies.
Loans: bank deposits, etc.
(3) Various withheld funds (family medical expenses, personal income tax, etc.). )
Debit: payable to employees.
Loans: other receivables-prepaid medical expenses
Other receivables-employee rent, etc.
Taxes payable-personal income tax payable, etc.
2) Provision of employee welfare fund
Borrow: production cost (production workers)
Manufacturing cost (workshop manager)
Administrative expenses (administrative personnel)
Sales expenses (sales staff), etc.
Loan: Payable employee salary-employee welfare fund.
3) Employee's salary (social security fee, housing accumulation fund) stipulated by the state.
Borrow: production cost (production workers)
Manufacturing cost (workshop manager)
Management expenses (management personnel)
Sales expenses (sales staff), etc.
Loan: wages payable to employees.
4) short-term paid vacation
① Cumulative paid absence
Enterprises should increase their future paid vacation rights when providing services: (confirmed when providing services)
Borrow: management fees, etc.
Credit: Payables-Paid Absence-Short-term Paid Absence-Cumulative Paid Absence.
② Non-cumulative paid absence
The salary related to the non-cumulative paid absence right confirmed by the enterprise is regarded as the current profit and loss or related asset cost confirmed by employee attendance, and no additional accounting treatment is needed.
2. Non-monetary employee compensation
1) Enterprises distribute their products to employees as non-monetary benefits.
① Confirm the employee's salary (according to the beneficiary)
Debit: management expenses/production costs/manufacturing expenses, etc. (Fair value+output tax)
Loans: Payables-Non-monetary benefits (fair value+output tax)
② Actual distribution: regarded as sales.
Debit: Payables-Non-monetary benefits
Loan: income from main business
Taxes payable-VAT payable (output tax)
Debit: main business cost
Loans: Goods in stock
2) Assets such as houses owned by enterprises are provided to employees free of charge.
Borrow: management expenses/production costs/manufacturing expenses, etc.
Loans: Payables-Non-monetary benefits (depreciation)
meanwhile
Debit: Payables-Non-monetary benefits
Credit: accumulated depreciation
3) Lease houses and other assets for employees to use for free.
① Confirm the employee's salary.
Debit: Management Expense (Management Department)
Production cost (production workers)
Manufacturing costs (workshop management personnel), etc.
Loan: payables-non-monetary income (rent payable confirmation)
(2) when paying rent
Debit: Payables-Non-monetary benefits
Loans: bank deposits, etc.
Third, set up the accounting of deposit plan.
For the established custody plan, the enterprise shall, on the balance sheet date, recognize the custody fund that should be paid to the independent entity according to the services provided by the employees during the accounting period as the salary payable to the employees, and include it in the current profit and loss or related asset cost. Accounting entries:
Borrow: production cost (production workers)
Manufacturing cost (workshop manager)
Management expenses (Management Department)
Sales expenses (sales department), etc.
Loans: Payable Staff Wages-Set Deposit Plan
Regarding the key point of primary accounting practice in 2020: dealing with employees' wages, I will introduce it to you here, which is also a real test point. I hope everyone who prepares for the 20021exam can pay attention to it, and at the same time remind everyone that the primary accounting title exam is not difficult, but the necessary study plan must be done well and needs perseverance. Come on!