How to make accounting entries for employee salaries and social security?

Employee social security is generally withheld by enterprises in the wage era, and social security paid by individuals is generally handled through other accounts payable. How to make relevant accounting entries?

Employee salary social security input processing

Accounting entries for paying social insurance premiums:

Debit: Payable staff salaries-social insurance premium (unit part)

Other payables-social insurance premium (personal part)

Loans: bank deposits

Cumulative time:

Borrow: management fee-social insurance fee (unit part)

Loan: wages payable to employees-social insurance premium (unit part)

When paying wages:

Debit: Payables-Payables (Payables)

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

Bank deposit (paid)

Other payables refer to the payables and temporary receipts incurred by the enterprise outside the commodity trading business, including the fixed assets rent and packaging rent payable under operating lease; Wages that employees fail to receive on time; Deposits received (such as income package deposits, etc.) ) and so on.

Accounting entries of employee provident fund

Accrual time

Borrow: management expenses/production costs, etc.

Loan: wages payable to employees.

Payable to employees-employee accumulation fund (undertaken by the unit)

When you get paid

Debit: Payables-Payables (Payables)

Loan: other payables-withholding provident fund (borne by individuals)

Cash on hand (actually released)

time of payment

Borrow: Payable Staff Salary-Staff Provident Fund (undertaken by the unit)

Other payables-withholding provident fund (borne by individuals)

Loans: bank deposits