Should the endowment insurance paid in the current month be accrued?

Should the endowment insurance paid in the current month be accrued?

The social security withheld in the current month does not need to be accrued. The specific accounting entries are as follows:

1. When the salary is accrued, the accounting entry is:

Debit: Overhead-Salary

Loan: wages payable to employees.

2. When paying wages, the accounting entries are:

Debit: payable to employees.

Loans: Other Receivables-Personal Social Security

bank deposit

3. When paying social security for the current month,

Borrow: management fee-social security (company part)

Other receivables-social security (personal part)

Loans: bank deposits

Social security is a system that takes the state or government as the main body, redistributes national income according to the law, and gives material help to citizens when they temporarily or permanently lose their ability to work and have difficulties in life for various reasons, so as to ensure their basic livelihood.

The essence of social security is the pursuit of fairness, which must be based on legislation or law. Its basic contents include social insurance, social relief and social welfare.

Do I need to refund the social security paid in the current month and last month?

The social security paid in the current month needs to be accrued, and the social security paid by the employer to employees is paid in the current month. However, the company withholding occurred in the current month.

1. When the salary is accrued, the accounting entry is:

Debit: Overhead-Salary

Loan: wages payable to employees.

2. When paying wages, the accounting entries are:

Debit: payable to employees.

Loans: Other Receivables-Personal Social Security

bank deposit

3. When paying social security for the current month,

Borrow: management fee-social security (company part)

Other receivables-social security (personal part)

Loans: bank deposits

Generally speaking, the payment plan was not generated in the month of social security participation, so it cannot be accessed in that month. Of course, some local management systems can make supplementary plans for that month. It is recommended to consult the local social security payment policy, because the specific operation is different in each place.

Should the endowment insurance paid in the current month be accrued? Do I need to return last month's social security in the same month? Social security is two similar issues. Although there is only one word difference, the monthly payment does not need to be accrued, but the monthly payment needs to be accrued. Therefore, all financial babies must pay attention when dealing with it.