The disability insurance fund paid by enterprises is a government fund mainly used to support the employment of disabled people and ensure their livelihood.

How should financial personnel make accounting entries when they accrue and pay disability insurance funds?

Accounting entries for the accrual and payment of the disability insurance fund. When accruing the disability insurance fund, it is included in the management expense account for accounting: Debit: Management expenses - Disability insurance fund loan: Other payables - When the disability insurance fund is paid, it is included in other payables

Account accounting: Debit: Other payables - Disability insurance loan: Bank deposits and other payables refer to amounts payable and temporarily received from other units or individuals that are not directly related to the company's main business activities, generally including deposits of deposits,

Payable fines, late fees, rent for intangible assets, payable rent for operating leased fixed assets, etc.

Other payables belong to liability accounts. Various payables and temporary receivables that are repaid or written off should be registered in the debit account; various payables and temporary receivables that occur should be registered in the credit account.

The credit balance at the end of the period represents the unpaid other payables due by the enterprise.

Accounting entries for receiving the returned disability insurance fund. When receiving the return of the current period's disability insurance fund: Debit: Bank deposit Loan: Management expenses - Disability insurance fund The disability insurance fund is a preferential policy to protect the rights and interests of disabled people.

Refers to the funds that agencies, groups, enterprises, institutions and private non-enterprise units should pay when they fail to arrange employment for disabled people as required.

The calculation method of the disability insurance fund is based on the annual difference in the number of employees and the average annual salary of employees in the region in the previous year. The calculation formula is as follows: the annual payment amount of the disability insurance = (employees in the previous year

The number of active employees of the unit × 1.5% - the actual number of disabled persons employed by the employer in the previous year) × the average annual salary of the active employees of the employer in the previous year.

The method for determining the actual number of disabled people employed by the employer in the previous year: the employer recruits disabled people as employees or signs a labor contract (service agreement) of more than 1 year (including 1 year) with disabled people within the employment age group in accordance with the law.

Only if the actual wages paid are not lower than the local minimum wage standard and social insurance premiums are paid in full can they be included in the number of disabled people employed by the employer.