How to write the accounting entry for withholding and payment of social security?

Company in the payment of wages to employees, will be withheld on behalf of employees to pay social security costs, generally can be accounted for through the accounts payable to employees, accountants should be how to prepare the relevant accounting entries?

Accounting entries for social security withholding

When paying:

Borrow: Employee's compensation payable - social insurance premiums (unit portion)

Other receivables (payable)-social insurance premiums (individual portion)

Credit: Bank deposits

When accruing:

Borrow: Administrative expenses - social insurance premiums ( Unit portion)

Loan: Employee compensation payable - Social insurance premium (unit portion)

When paying wages:

Borrow: Employee compensation payable - Wages (payable)

Loan: Other receivables (payable)

Cash on hand (payable)

What is employee compensation payable? Salary?

Employee compensation payable refers to the various forms of remuneration or compensation given by an enterprise to obtain the services provided by an employee or to terminate the labor relationship. Employee compensation includes short-term compensation, post-employment benefits, termination benefits and other long-term employee benefits. Benefits provided by an enterprise to an employee's spouse, children, dependents, survivors of deceased employees and other beneficiaries, etc., are also classified as employee compensation.

How do I renew my social security after a three-year break?

Social security broken for three years, individuals to the social security department for replacement payment procedures, you can make a replacement payment in Alipay. Enter Alipay click on All, click on Citizen Center, click on Social Security, select Social Security payment, click on the use of services, click on the social security fee replacement declaration, and finally according to the prompts can be operated. After leaving the labor force, if you don't have a unit to pay social security for you, you can also go to the social security bureau to renew your social security payment. With the proof of the termination of labor relations, go to your original unit location of the municipal Human Resources and Social Security Bureau for payment procedures, but also to your domicile location of the district Human Resources and Social Security Department for personal insurance procedures social security contributions.