Accounting entries for extracting employee social insurance premiums
1, salary distribution
Debit: management expenses/sales expenses, etc.
Loans: Payables-Wages
2. Providing social security (enterprise part)
Debit: management expenses/sales expenses, etc.
Loans: Payables-Social Security
3. When you get paid next month.
Debit: Payables-Wages
Loan: wages payable to employees-social security (individual part)
Taxes payable-personal income tax payable
Cash on hand/bank deposit
4. Give it to Du Bao
Debit: Payables-Social Security (Enterprise Part+Individual Part)
Credit: cash on hand/bank deposit.
5. Pay personal income tax
Borrow: taxes payable-personal income tax payable
Loans: bank deposits
What is social insurance premium?
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.
What is the salary payable to employees?
Salary payable to employees refers to various forms of remuneration or compensation given by enterprises in order to obtain services provided by employees or terminate labor relations. Employee compensation includes short-term salary, post-employment benefits, dismissal benefits and other long-term employee benefits. Benefits provided by enterprises to employees' spouses, children, dependents, survivors of deceased employees and other beneficiaries also belong to employees' salaries.
What is personal income tax?
Personal income tax is the general name of legal norms that adjust the social relationship between tax authorities and natural persons (residents and non-residents) in the process of personal income tax collection and management.