What subjects are included in the social security premiums borne by individuals? How to write accounting entries?

As we all know, employees' social security expenses are shared by individuals and enterprises. Many accounting novices don't know which subject the social security expenses borne by individuals are included in. The following deep space network will give you a detailed answer.

Who will bear the social security expenses?

According to accounting standards, social insurance premiums borne by individuals should be included in the subject of "other payables-social insurance premiums (pension, medical care, unemployment insurance)", and the part borne by the unit should be included in the subject of "employee salaries payable-social insurance premiums". Similarly, the housing accumulation fund undertaken by individuals should be included in the subject of "other payables-housing accumulation fund", and the part undertaken by the unit should be included in the subject of "employee salaries payable-housing accumulation fund".

Pension, medical care, unemployment, maternity and work-related injury insurance expenses (part borne by the unit)

Borrow: management fee

selling cost

R&D expenditure

production cost

cost of production

Loans: Payables-Pension Insurance

Payable employees-medical insurance

Payable to employees-unemployment insurance

Employee payable-maternity insurance

Payable to employees-industrial injury insurance

Five insurances and one gold refer to the old-age insurance premium, medical insurance premium, unemployment insurance premium, maternity insurance premium and work-related injury insurance premium paid by enterprises for employees in accordance with state regulations; One of the five insurances and one gold refers to the housing accumulation fund paid by enterprises for employees. Among them, pension insurance, medical insurance, unemployment insurance and housing accumulation fund are paid by units and individuals.

The accounting treatment of paying five insurances and one gold shall be in accordance with the provisions of the new accounting standard Accounting Subjects and Accounting Treatment on the salary payable to employees: this subject shall be accounted for in accordance with wages, employee welfare expenses, social insurance premiums, housing accumulation fund and trade union funds.