For accountants, how to make accounts if the wage social security accumulation fund is correct?

It is inevitable for accountants to deal with wages and social security provident fund, but for many novice accountants, the entry of wages and social security provident fund is not very well understood and it is difficult to do so. Today I will share with you how I did it.

I. Entries of Total Accrued Wages of Wages, Social Security and Provident Fund (1)

Accrual basis: Payable salary table is generally based on attendance sheet and salary system, which is the basis of salary accrual. Under special circumstances, it can also be made with reference to last month's salary.

Debit: management expenses/sales expenses/manufacturing expenses, etc. -salary.

Loan: Payable-Salary?

(2) Take back the social security part undertaken by the company.

Borrow: management expenses/sales expenses/manufacturing expenses, etc. -Social security?

Loans: Payables-Social Security

(3) Withdraw part of the company's provident fund.

Borrow: management expenses/sales expenses/manufacturing expenses, etc. -Provident fund?

Loan: payable to employees-provident fund?

Second, pay social security provident fund: pay employees' wages-social security?

Payable wages-provident fund?

Other receivables-individual provident fund

Other receivables-personal social security?

Loans: bank deposits

The third is the actual payment of wages, withholding personal social security, provident fund and individual tax.

Debit: Payables-Wages?

Loan: other receivables-personal social security?

Loan: other receivables-personal provident fund?

Loan: Taxes payable-personal income tax?

IV. Taxes actually paid by tax paying enterprises:

Borrow: Taxes payable-personal income tax?

Loan: bank deposit?

Verb (abbreviation of verb) Other precautions: salary payment is directly charged as expenses, and the lender's bank deposit is also directly debited. However, the social security and provident fund that have not been undertaken by the accounting unit of "Payables" are not included in the personal income tax, and the tax payable-personal income tax is not included in the lender's bank deposit. It must be remembered that it is calculated with other receivables/other payables-personal income tax! All social security accumulation funds used for wages must pass the subject of "Payable Staff Remuneration", and individual taxes are included in "Payable Taxes-Individual Taxes".

This is an introduction to enterprise financial processing, and I hope it will be useful to everyone.