How to deal with the social security late payment fee?

1. Accounting entry for external payment of fines by enterprises: loan for non-operating expenses: cash on hand (or bank deposit). 2. Accounting treatment of internal fines. Internal fines include two ways: directly collecting cash from employees and deducting money from wages.

Legal basis:

Article 45 of the Administrative Enforcement Law of the People's Republic of China * * * The administrative organ makes an administrative decision on the obligation to pay money according to law, and if the party fails to perform it within the time limit, the administrative organ may impose a fine or a late payment fee according to law. The parties concerned shall be informed of the criteria for increasing the fine or late payment fee. The amount of fine or overdue fine shall not exceed the amount of obligatory payment.