Handling of social security payment items
Accounting entries for paying social insurance premiums:
Debit: Payable staff salaries-social insurance premium (unit part)
Other payables-social insurance premium (personal part)
Loans: bank deposits
Cumulative time:
Borrow: management fee-social insurance fee (unit part)
Loan: wages payable to employees-social insurance premium (unit part)
When paying wages:
Debit: Payable-Payable (Payable)
Loan: other payables-social insurance premium (personal part)
Bank deposit (paid)
Social insurance premium refers to the fees paid by employees and employers to social insurance management institutions in the process of raising social insurance funds, which is the most important source of social insurance funds. It can also be regarded as the fees charged by the insurer (country) of social insurance to the insured (employees and employers) for assuming legal social insurance responsibilities.
What are other payables?
Other payables refer to other payables and temporary receipts except accounts payable, notes payable, accounts received in advance, salaries payable to employees, taxes payable, interest payable, dividend payable and other business activities, such as fixed assets leased from operating leases, rental of packaging materials, deposits received, etc.
Enterprises should account for the increase and decrease of other payables and their balances through the "other payables" account, and make detailed accounting according to the detailed accounts set by other payables and other units (or individuals). Various payables and temporary receipts registered by the lender of this subject, and various payables and temporary receipts registered by the borrower for repayment or write-off; The ending credit balance reflects other payables of the enterprise.
Social security return entry
The returned social security fee shall be accrued before payment, and the corresponding entry of social security shall be payment. Refund:
Debit: bank deposit
Loans: payable to employees-social security
Other receivables (personal burden)
Accrued entries before reversal:
Borrow: payable to employees-social security
Loan: management fees and other subjects.