Does personal purchase of social security affect year-end settlement?

Does personal purchase of social security affect year-end settlement?

Answer: 1. At the time of annual social security settlement, the paid social security is listed through the previous annual profit and loss adjustment account;

2. The specific accounting entries are as follows:

Debit: profit and loss adjustment of previous years-social security (company part)

Other receivables-social security (personal part)

Loans: bank deposits

The adjustment of profit and loss in previous years refers to the adjustment of major profits and losses in previous years by enterprises so as not to affect the total profit of this year. In case of overcharge or underpayment of fees or overcharge or underpayment of income in previous years, the original relevant profit and loss account should be replaced with the "previous year's profit and loss adjustment" account, and other accounts remain unchanged. Then carry forward the "profit and loss adjustment in previous years" account to the "profit distribution" account to make corresponding surplus.

Therefore, the payment of social security by individuals will not affect the annual settlement, and social security can be deducted before income tax.

What does social security mean?

SocialInsurance refers to a non-profit social security system with the function of income redistribution, aiming at preventing and forcing most members of society to participate.

Social insurance is a social and economic system that provides income or compensation for those who lose their ability to work, are temporarily unemployed or suffer losses due to health reasons. The social insurance plan is organized by the government, forcing a certain group to form a social insurance fund as a social insurance tax (fee). Under certain conditions, the insured can get fixed income or loss compensation from the fund. This is a redistribution system. Its goal is to ensure the reproduction of material and labor and social stability. The main items of social insurance include endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

2065 438+06. 2. 3 Guangdong, Tianjin, Yunnan, Gansu, Guizhou, Jiangsu, Shanghai and other places lowered their social security rates. 201February 3, 202The National Social Security Fund Regulations were adopted at the122nd executive meeting in the State Council, with effect from May 20 16.

20 18, social security pensions began to be co-ordinated nationwide; 2065438+August 20, 2008, social security fees were collected by the tax authorities; 65438+2019 65438+10.08 to complete the transfer and handover of social insurance premiums and the first batch of non-tax revenue collection and management responsibilities, and all social insurance premiums and non-tax revenue transferred in advance shall be uniformly collected by the tax authorities.