How to deal with the social insurance premium collected and remitted?

1. When social insurance premium is withdrawn:

Debit: payable to employees.

Loan: other payables-social security collection and remittance

2. When paying social insurance premiums:

Borrow: management fee-social security fee

Other payables-collecting and remitting social security

Loan: cash/bank deposit

3. Social insurance premium refers to the money paid by employers and employees, which is the fee paid by employees and employers to social insurance management institutions in accordance with the prescribed amount and time limit in the process of raising social insurance funds. It is also the main source of social insurance funds. Social insurance premium is the social insurance treatment paid by social insurance specialized institutions to workers (or their family members) according to the payment of employers and workers and the provisions of social insurance laws and regulations.

4. Social insurance premiums are paid according to different insurance items. There are three main payment methods: opening an account, paying in the social security agency, and agreeing with the social security agency to pay in other ways.

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