Is it necessary to pay the provident fund and social security together, Suqian there can be paid on behalf of the unit

Personal tax, provident fund, social security in the payroll, the enterprise together with the withholding and payment

Monthly payroll and social security provident fund, in accordance with the amount payable to the departmental personnel wages to recognize the relevant costs and expenses, the entries are as follows:

Borrow: administrative expenses - wages

Borrow: administrative expenses - wages

Costs of production (manufacturing costs) - wages

Costs of production (manufacturing costs) - wages

Borrow: Selling Expenses - Salary

Borrow: Production Costs (Manufacturing Expenses) - Salary

Borrow: R&D Expenses - Salary, etc.

< p>Credit: Employee Compensation Payable - Salary

Accrue social security and housing fund according to the monthly social security provident fund payable, the unit's share of the portion, the entries are as follows:

Borrow: Administrative Expenses - Social Security Provident Fund

Borrow: Selling Expenses - Social Security Provident Fund

Borrow: Production Costs (Manufacturing Expenses) - Social Security Provident Fund

Borrow: Research and Development Expenditures - Social Security Provident Fund

Loan: Employee Payable - Social Security Provident Fund

Assuming that the social security payment is made after the payment of salary, the following journal entry should be made at the time of the payment of salary:

Borrow: Employee Payable - Salary <

Credit: Other payables - Social Security Provident Fund

Credit: Taxes payable - Individual Income Tax payable

Credit: Bank Deposit

Note: The Social Security Provident Fund in the other payables in the above entry is the individual's share of social security and social welfare contributions. is the individual's share of the social security and provident fund, because it is the individual's share, but ultimately need to be paid by the unit, so in the payment of wages, the money is deducted from the wages payable to the employee, and then paid in the future, and therefore the temporary formation of a liability of the enterprise.

When the wages are paid, the following entry should be made when the social security payment is made:

Borrow: Employee Compensation Payable - Social Security Provident Fund

Borrow: Other Payables - Social Security Provident Fund

Credit: Bank Deposit

Credit: Social Security Provident Fund

Bank Deposit

Credit: Bank Deposits

The Social Security Provident Fund in the above entry in Employee Compensation Payable refers to the portion borne by the unit, and the Social Security Provident Fund in Other Payables refers to the portion borne by the individual, and the total of these two amounts is the Social Security and Housing Provident Fund that has been paid for this time.

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