What is the meaning of social security liquidation account

Enterprise social security liquidation, to put it bluntly, is the last year's declaration of social security costs for the liquidation. Generally, if the number of wages payable is greater than the average social wage x average number of people, it is necessary to pay social security costs to the social security bureau. If you do not pay the social security costs in time for the liquidation of social security, later on the social security benefits of the employees will have a certain impact on the enterprise.

In accounting, the social security settlement belongs to the taxable account. The remittance of social security costs deducted stamp duty and personal income tax should belong to the previous year's costs, should be accounted for through the "previous year's profit and loss adjustment" account.