Social security withdrawal and payment entry

The accounting entries of social security accrual and payment are as follows:

The accounting entries of social security accrual are as follows: debit: management fee-social insurance premium (unit part), and credit: employee salary payable-social insurance premium (unit part). The accounting entries when social security is actually paid are as follows: debit: payable to employees-social insurance premium (unit part), debit: other receivables (payment)-social insurance premium (personal part), and credit: bank deposit. These entries reflect the accounting treatment of enterprises when drawing and paying social insurance premiums, including social insurance premiums paid by units and individuals. The accounting treatment of endowment insurance expenses also follows similar principles. When the current payment is made, the respective parts of the units and individuals are included in the corresponding accounting subjects. If it is not paid in the current period, the enterprise will pay the pension withheld by the enterprise to the labor and social security department in the later period.

Accounting treatment of social security;

1. Confirmation of social security expenses: when the social security expenses payable by the enterprise occur, the payable amount shall be calculated according to the proportion and base specified by the state, and accounting confirmation shall be carried out;

2. Accrual of social security expenses: The enterprise accrues corresponding social security expenses according to the total wages of employees and the stipulated social security rate every month, and makes corresponding accounting entries;

3. Payment of social insurance premiums: the enterprise will actually pay the accrued social insurance premiums to the social security institutions within the specified time, and make corresponding accounting entries;

4. Accounting of social security expenses: enterprises need to account for social security expenses to ensure the accuracy of accrual and payment, and reflect it in financial statements;

5. Report reflection of social security expenses: When preparing financial statements, social security expenses will be calculated in the labor cost of the enterprise and reflected in the income statement.

To sum up, when dealing with the accounting entries of social security accrual and payment, enterprises first debit management fee-social insurance premium (unit part), credit employees' wages payable-social insurance premium (unit part) for accrual, and then debit employees' wages payable-social insurance premium (unit part) and other receivables (payment)-social insurance premium (personal part) to reflect the social security expenses of units and individuals.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 4

Employers and individuals in People's Republic of China (PRC) pay social insurance premiums according to law, and have the right to inquire about payment records and personal rights records, and require social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.