Personal part of social security accounting entries

Personal social security accounting entries are a series of accounting operations that enterprises need to carry out when dealing with employees' social security expenses. these

I. Provision of social security fees

At the beginning of the accounting cycle, the enterprise needs to calculate the current social security expenses according to the employee's social security payment base and the corresponding payment ratio. This usually includes pension insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

The accounting entries are as follows:

Debit: management expenses/sales expenses/production expenses (determined according to the employee's department)

Loans: Payables-Social Security (unit part)

The purpose of this step is to confirm and predict the social security expenses that enterprises should bear for employees, and lay the foundation for subsequent payment and accounting.

Second, pay social security fees.

Enterprises regularly pay social security fees to social security departments according to relevant regulations. This includes the part that enterprises should bear and the part that employees should bear (withheld and remitted by enterprises).

The accounting entries are as follows:

Debit: Payables-Social Security (Company Part)

Debit: other receivables-social security (personal part)

Loans: bank deposits

This step realizes the actual payment of social security fees and ensures the accuracy of capital exchanges between enterprises and social security departments.

Third, record the employee's personal social security payment.

Enterprises need to regularly record employees' social security payment, including payment base, payment proportion and payment amount. This is helpful for enterprises to grasp the specific situation of employees' social security expenses and provide a basis for subsequent accounting and report preparation.

Accounting entries can be recorded according to the actual situation, such as deducting the social security expenses that employees should bear when paying employees' wages:

Debit: Payables-Wages

Loans: other receivables-social security (personal part)

Loan: bank deposit/cash

This step ensures the accurate accounting and deduction of employees' personal social security expenses, and ensures the balance of rights and interests between enterprises and employees.

To sum up:

Personal social security accounting entries involve steps such as extracting social security fees, paying social security fees, and recording employees' personal social security contributions. Through the correct accounting operation, enterprises can ensure the compliance and accurate accounting of social security expenses, and provide strong support for the financial management of enterprises.

Legal basis:

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

Article 10 stipulates:

Employees should participate in basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance. Employers and employees shall pay basic old-age insurance, basic medical insurance and unemployment insurance in accordance with state regulations, and individuals shall not pay work-related injury insurance and maternity insurance.

People's Republic of China (PRC) accounting law

Article 9 provides that:

Units must conduct accounting according to actual economic and business matters, fill in accounting vouchers, register accounting books and prepare financial and accounting reports. No unit may use false economic and business matters or materials for accounting.