How to make accounting entries for social security this month?

How to make accounting entries for social security this month?

If your company didn't withdraw money, pay wages and pay social insurance premiums last month, it should handle the accounts.

(According to the old accounting subjects)

1, accrued salary

Borrow: management fee

Loan: Payable wages

Step 2 pay wages

Borrow: Payable wages.

Loan: other payables-social insurance premium (personal burden)

Credit: cash

Note: According to the original accounting system, social insurance premiums borne by individuals should be accounted as "other payables". However, the "other payables" you mentioned is not a big problem.

3. Pay social security fees

Borrow: management fee-social insurance fee (the part borne by the company)

Borrow: other contributions-social insurance premium (personal burden)

Loans: bank deposits

According to what you said, the salary was accrued last month, so there is no need to make this entry this month, only two entries are made: payment and submission. If you made two entries last month, you will make an entry to pay social insurance fees. If you didn't do it last month, you will do it this month.

Accrual is calculated according to wages payable and actual wages except payment.

How to reduce social security accounting entries?

If there is no payment, but the payment is directly underpaid, it should be written off in red in the same direction as the original entry according to the reduced amount.

Example: Withdrawal Time

Borrow: period expenses, etc.

Loan: wages payable to employees.

Direct rescue time

Borrow: period expenses, etc.

Loan: wages payable to employees.

If it has been paid, when receiving social security fees similar to tax refund.

Debit: bank deposit

Loan: non-operating income

What is handed over to the social security company every month is the social security amount of the current month, while the monthly salary is the salary amount of last month. Therefore, the entry when paying social security (according to the principle of factual expenses, it can be omitted):

Borrow: management fee-insurance fee (the part that the unit should pay)

Debit: Other receivables-withholding and remitting employee social security (the part that the enterprise should pay in advance for employees).

Loan: cash (we pay cash here, and some places can transfer money through the bank)

When you get paid next month:

Borrow: Payable wages.

Loans: other receivables-withholding and remitting employee social security (the part that enterprises should pay in advance for employees).

Loan: cash or bank deposit

How to do the accounting entries of social security this month? According to our introduction in the above article, we know that enterprises pay social insurance for employees, some need to pay in full, some need to pay in part, and employees also need to pay in part. Please refer to our introduction in the above article for specific accounting treatment.