How to make entries when extracting employee social security expenses

Borrow: management fees, etc. (All the total wages include the insurance portion borne by individuals and personal income tax)

Loan: wages payable to employees (total wages)

Personal insurance and personal tax

Debit: Payables (tax and insurance)

Loans: other payables-endowment insurance, etc. (This part is the amount that employees should bear)

Taxes payable-personal income tax (individuals should bear personal income tax)

Payroll

Debit: salary payable to employees (excluding salary other than tax and insurance)

Loans: bank deposits

Pay endowment insurance

Borrow: management fees, etc. (Company undertakes part)

Other payables-endowment insurance, etc. (This part is the amount that employees should bear)

Loans: bank deposits

pay taxes

Borrow: Taxes payable-personal income tax

Loans: bank deposits

Accounting entries of employee compensation

Enterprises shall, according to the beneficiaries of the services provided by employees, deal with the following situations respectively.

The wages of production department personnel shall be debited to the subjects of "production cost", "manufacturing cost" and "labor cost" and credited to this subject.

The salary of management personnel shall be debited to the subject of "management expenses" and credited to this subject.

The salary of the salesperson shall be debited to the subject of "sales expenses" and credited to this subject.

Staff salaries and R&D expenditures borne by the projects under construction shall be debited to the subjects of "projects under construction" and "R&D expenditures" and credited to this subject.

Compensation for termination of labor relations with employees shall be debited to the subject of "management expenses" and credited to this subject.