How does the company pay social security tax?

How does the company pay social security tax?

1. Accounting treatment of current payment

Borrow: management fee-endowment insurance premium (note: unit burden)

Other receivables-endowment insurance premium (note: personal burden)

Loans: bank deposits

2. When paying wages, the part paid by the unit shall be recovered and deducted from the wages of employees for accounting treatment.

Debit: payable to employees.

Loans: other receivables-endowment insurance premium

3. If there is no payment in the current period.

(1) Current accounting treatment

Borrow: management fee-endowment insurance premium

Loan: other payables-endowment insurance premium

(2) When paying wages, the part that individuals should pay should be deducted.

Debit: payable to employees.

Loan: other payables-endowment insurance premium

4. In the future, the accounting treatment of enterprise withholding pension will be handed over to the labor and social security department.

Borrow: other payables-endowment insurance premium

Loans: bank deposits

How should the company handle the personal income tax entries paid to employees?

1. When the salary is accrued:

Debit: overhead-salary (subject is divided according to different departments)

Loans: Payables-Wages

2. When paying wages:

Debit: Payables-Wages

Loan: taxes payable on bank deposits-personal income tax and other receivables-personal social security.

3. When paying personal income tax:

Borrow: Taxes payable-personal income tax

Loans: bank deposits

How does the company pay social security tax? Generally speaking, in fact, we all know that the introduction materials of enterprise employees' individual tax and social security expenses are introduced in detail above, and Mr. Bian Xiao also believes that everyone knows that accounts payable to employees and other receivables can be accounted for. If you have other views on the accounting entries mentioned above, you can come to this website to search and learn.