when an enterprise accrues provident fund:

Debit: management expenses-provident fund (included in related subjects according to the departments of employees)

Loan: salary payable to employees-housing provident fund (enterprise part)

When an enterprise pays provident fund:

Debit: salary payable to employees-housing provident fund (enterprise part)

Other payables- > debit: salary payable to employees-wages payable to employees

loan: other payables-housing accumulation fund (individual part)

bank deposit

housing accumulation fund refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units, social organizations and their employees.

The definition of housing provident fund includes the following meanings:

Housing provident fund is only established in cities and towns, and the housing provident fund system is not established in rural areas.

Only on-the-job employees can establish the housing accumulation fund system. Unemployed urban residents and retired workers do not implement the housing provident fund system.

The housing accumulation fund consists of two parts, one part is paid by the employee's unit, and the other part is paid by the employee. After the employee's individual deposit is withheld by the unit, it will be deposited into the individual account of the housing provident fund together with the unit deposit.

the long-term nature of housing provident fund deposit. Once the housing provident fund system is established, employees must be paid in accordance with the regulations continuously during their employment, and it shall not be suspended or interrupted except for the retirement of employees or other circumstances stipulated in the Regulations on the Administration of Housing Provident Fund. It embodies the stability, unity, standardization and compulsion of housing provident fund.

The housing accumulation fund is a personal housing savings fund specially used by employees for housing consumption expenditure, which has two characteristics: accumulation and specificity.

The establishment of employee housing provident fund system has provided a guarantee for employees to solve the housing problem quickly and well; It can effectively establish and form a mechanism and channel for workers with housing to help workers without housing, and the housing provident fund provides help for workers without housing in terms of funds, which reflects the mutual assistance of the housing provident fund for workers;

every urban employee must pay the individual housing provident fund from the date of joining the work to the time of retirement or termination of labor relations; The employee's unit should also pay housing provident fund for employee subsidies according to regulations.

deposit scope of housing provident fund: government agencies and institutions; State-owned enterprises, urban collective enterprises, foreign-invested enterprises, enterprises invested by Hong Kong, Macao and Taiwan businessmen, urban private enterprises and other urban enterprises or economic organizations; Private non-enterprise units and social organizations; Permanent representative offices of foreign, Hong Kong, Macao and Taiwan invested enterprises and other economic organizations.