How to write the accounting entry of deducting social insurance premium from salary?

The accounting entries when paying wages and deducting social security expenses borne by employees from wages are: debit: salary payable to employees-salary (payable) loan: salary payable to employees-social insurance (personal) cash on hand or bank deposit (paid). First, the salary is paid first, and the bank withholds social security last.

Draw wages

Debit: Management expenses (management personnel)

Sales expenses (of salespeople)

Production cost (direct company of production personnel), etc.

Loans: Payables-Payables

When social insurance premium is accrued:

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

Loan: other payables-social security (unit part)

Loans at the time of issuance: salaries payable to employees-wages payable

Loans: bank deposits

Other payables-withholding personal social security

Taxes payable-personal income tax

When actually paid:

Borrow: management expenses-social security and provident fund (unit part)

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

Loan: bank deposit/cash

Second, the bank is deducted in the front and the salary is paid in the back.

Time for paying social security fee:

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

Other receivables-social insurance premium (personal burden)

Loans: bank deposits

When paying wages:

Borrow: Payable wages.

Loans: other receivables-social insurance premium (personal burden)

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

Twenty-sixth basic medical insurance for employees, new rural cooperative medical care and basic medical insurance for urban residents shall be implemented in accordance with state regulations.

Twenty-seventh individuals who participate in the basic medical insurance for employees, when they reach the statutory retirement age, will no longer pay the basic medical insurance premium after retirement and enjoy the basic medical insurance benefits in accordance with state regulations; Those who have not reached the fixed number of years prescribed by the state may pay the fees to the fixed number of years prescribed by the state.

Twenty-eighth medical expenses that meet the basic medical insurance drug list, diagnosis and treatment items, medical service facilities standards and emergency treatment and rescue shall be paid by the basic medical insurance fund in accordance with state regulations.

Twenty-ninth medical expenses of the insured shall be paid by the basic medical insurance fund, and shall be directly settled by the social insurance agency, medical institutions and pharmaceutical business units.

The administrative department of social insurance and the administrative department of health shall establish a settlement system for medical expenses in different places to facilitate the insured to enjoy the basic medical insurance benefits.

Thirtieth the following medical expenses are not included in the basic medical insurance fund payment scope:

(a) shall be paid by the industrial injury insurance fund;

(2) It shall be borne by a third party;

(3) borne by public health;

(4) Go abroad for medical treatment.

Medical expenses that should be borne by a third party according to law. If the third party is unable to pay or cannot determine the third party, the basic medical insurance fund will pay in advance. After the basic medical insurance fund pays in advance, it has the right to recover from the third party.