Does the company have to pay cash for social security?

1, excluding, it is directly recorded when payment is made.

Borrow: management fee-labor insurance fee (part borne by the unit)

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

Loan: bank deposit (or cash)

2, personal burden, deducted when paying wages.

Borrow: Payable wages.

Loan: debit: other receivables-social insurance premium (personal burden)

Credit: cash

Method 2: Accrual basis

Personal burden

Deduct monthly salary (according to the proportion paid by individuals)

Borrow: Payable wages.

Loan: other payables-social security fund (withholding the part that employees should pay)

Loan: cash (actually paid)

(B) Part of the burden of enterprises

Monthly withdrawal time

Borrow: management fee-labor insurance fee

Loan: other payables-social security fund (pension, medical care, unemployment, work injury and maternity insurance)

(3) At the time of payment

Debit: Other Payables-Social Security Fund (Company+Withholding Individual Payables)

Loan: Bank deposit (total amount paid)

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.