What are the accounting entries of the enterprise to pay social security?

What are all the accounting entries for social security payments by enterprises is a common problem in accounting work, but also a must in accounting practice. Social security is a kind of protection of our life, but also conducive to the advancement of society. In this article for the enterprise to pay social security accounting entries to do a relevant introduction, to follow the deep space network together to understand it!

Enterprise social security accounting entries

1, payroll, accounting entries are as follows:

Borrow: administrative expenses and other costs and expenses of the class of accounts

Loan: payable remuneration (including the unit to pay the social security part)

2, payroll, accounting entries are as follows:

Borrow: payable remuneration

Loan: cash

Loan: cash

Loan: cash

Loan: payable remuneration

Taxes payable - personal income tax payable (deductions on behalf of personal tax)

Other payables (insurance deductions for the individual part)

3. When paying social security, the accounting entries are as follows:

Borrow: Other payables (insurance deductions for the individual part)

The accounting entries are as follows:

Borrow: Other payables (insurance deductions for the individual part)

Borrow: payable remuneration (unit payment part)

Loan: cash (or bank deposit)

What are the accounting treatments for five insurance?

1. Individual portion

When paying wages (according to the proportion of individual contributions, from which deductions will be made)

Borrow: Employee Compensation Payable - Wages

Loan: Other Accounts Payable - Social Insurance Premiums ( Deducted on behalf of the employee's share)

Loan: cash on hand (the actual amount issued)

2. The part borne by the enterprise

When withdrawing:

Borrow: administrative expenses - social insurance premiums

Loan: other payables - social insurance premiums (pension)

Loan: other payables - social insurance premiums (pension)

When withdrawing:

Loan: other payables - social insurance premiums (pension) -Social Insurance Premiums (Pension, Medical, Career, Employment Injury, Maternity Insurance)

3. When making payment

Borrow: Other Payables-Social Insurance Premiums (Unit + Withholding Amount Payable by Individuals)

Credit: Bank Deposit (Total Amount Paid)

What is the accounting treatment for Housing Provident Fund withdrawals?

1, unit burden part

When withdrawing, the accounting entries are as follows:

Borrow: administrative expenses - housing provident fund (unit burden part)

Borrow: other payables - housing provident fund (Individual portion)

Loan: Bank Deposit

2. Individual portion

Borrow: Employee's Remuneration Payable

Loan: Other Payables - Housing Provident Fund

Introduction of Social Insurance

Social insurance, or social security for short. Social security includes pension insurance, unemployment, maternity insurance, work injury and medical insurance. The purpose of paying social security is to guarantee the right of citizens to receive material help from the state and society according to the law in case of old age, unemployment, maternity, work injury and illness.

What is the use of paying social security?

1, pension insurance

Paying pension insurance for 15 years, you can enjoy the pension insurance treatment after retirement. How much to take according to the local average wage.

2, unemployment insurance

Continuous payment of unemployment insurance for more than 1 year, in the case of the file has been returned to the street, you can enjoy the unemployment insurance treatment.

3, maternity insurance

Paid maternity insurance, maternity-related expenses, can be reimbursed. This includes maternity allowance, maternity medical expenses and so on.

4, medical insurance

Paid medical insurance, hospitalization costs can be reimbursed.

5. Worker's Compensation Insurance

If a worker suffers an accidental injury in the course of his/her work during the contract period, he/she will be held responsible for the accidental injury if he/she applies for a work injury certificate.

Social security has been paid why still show arrears? How to deal with it?