Accounting for social security

Legal analysis: Except for the basic medical insurance fund and the maternity insurance fund, which are combined to set up accounts and accounting, all other social insurance funds are set up separately according to the types of social insurance and accounted for in separate accounts.

Legal basis: Article 64 of the Social Insurance Law of the People's Republic of China (PRC). The social insurance fund includes the basic pension insurance fund, the basic medical insurance fund, the industrial injury insurance fund, the unemployment insurance fund and the maternity insurance fund. With the exception of the basic medical insurance fund and the maternity insurance fund, which are combined and accounted for in a single account, the other social insurance funds are accounted for in separate accounts in accordance with the type of social insurance. The social insurance fund implements the State's unified accounting system. Social insurance funds are earmarked for specific purposes, and may not be appropriated or misappropriated by any organization or individual. The basic pension insurance fund to gradually implement national coordination, other social insurance funds to gradually implement the provincial level, the specific time and steps prescribed by the State Council.