What accounting entries should be made to pay social insurance premiums for employees?

Borrow: Payable wages-wages

Loan: cash?

Other payables-withholding and remitting social insurance premiums

2 units to pay insurance to the social security department:

Borrow: Payables-social insurance?

Other payables-withholding social insurance?

Loan: bank deposit?

3. At the end of the month, allocate the salary balance payable to employees:

Borrow: management fee-salary?

Management fee-social insurance fee?

Loan: Payable-Salary?

Payable to employees-social insurance?

Extended data

Social insurance premium rate

This method is based on the wage income of the insured, and a certain proportion is stipulated to collect insurance premiums.

Adopting the proportional system, the main purpose of social insurance is to compensate the income lost by the insured in risk accidents in order to maintain their minimum living. Therefore, we should refer to his usual income, on the one hand, as a standard to measure payment, on the other hand, as the basis for premium calculation.

The biggest drawback of the work-based proportional insurance system is that the burden of social insurance is directly related to wages. Whether employers and employees bear social insurance premiums or one of them bears social insurance premiums, the burden of social insurance is manifested in the increase of labor costs, which will lead to capital crowding out labor, which will lead to an increase in unemployment.

reference data

Baidu encyclopedia-social insurance premium

Baidu encyclopedia-common accounting entries