Social security expenses are accrued in the current month, but only the company part can be accrued?

Social security expenses are accrued in the current month, but only the company part can be accrued?

Only the part undertaken by the company is accrued.

1. Accrued salary

Borrow: xx expenses (management/sales, etc. )

Loans: Payables-Wages

2. Providing social security and provident fund (enterprise part)

Borrow: xx expenses (management/sales, etc. )

Loans: payable to employees-social security and provident fund.

3. When you get paid next month.

Debit: Payables-Wages

Loans: other receivables-social security, provident fund (personal part)

Taxes payable-personal income tax payable

Cash on hand/bank deposit or cash

4. Hand in both insurance and provident fund.

Debit: Payables to employees-social security, provident fund (enterprise part)

Other receivables-social security and provident fund (personal part)

Loan: bank deposit or cash.

5. Pay personal income tax

Borrow: taxes payable-personal income tax payable

Loan: bank deposit or cash.

Is social security accrued this month or next month?

In the financial month, the social security expenses for the next month shall be accrued according to the number and amount of employees insured in the current month.

If the payment is made in the current month, it can be accrued according to the statement of the current month. If there is no payment in the current month, it can be accrued first and then rechecked according to the statement.

The local system is different, one month is handed over to the next month, and the other month is handed over to the current month! Social security is generally increased or decreased at the end of the month and paid at the beginning of the month.

Social security expenses are accrued in the current month, but only the company part can be accrued? On the whole, in fact, according to the relevant introduction materials compiled by Bian Xiao today, students should all know that the social security expenses of employees of the company should only be accrued for the part paid by the company in the current month. If you have any other questions about the handling of this accounting entry, Bian Xiao suggests that you can study on this website.