How to make social security accounting entries

The steps for establishing social insurance accounts are as follows:

Tools: Win8 Professional Edition, Kingdee Professional Edition.

1. Accrual of social insurance premium: social insurance premium is accrued according to salary schedule, social insurance premium undertaken by the company is directly included in expense account, and social insurance premium withheld by the company on behalf of individuals is included in other receivables. The accounting method is as follows.

2. Payment of social insurance premiums: the actual payment of social insurance premiums, the part paid by the company is written off in the accounts payable to employees, and the part withheld by the company is written off in other accounts receivable. The accounting method is as follows.

3. Carry-forward profit and loss: closing the account at the end of the period, and carrying all the social security expenses undertaken by the company to the profit account of this year. The accounting method is as follows.

Social security fee

Social insurance premium refers to the fees paid by employees and enterprises (employers) to social insurance management institutions in accordance with the prescribed amount and time limit in the process of raising social insurance funds, and is the most important source of social insurance funds. Including endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance.

Social insurance must work out a certain proportion of the insured's burden according to the probability of various risk accidents and the total payment expenditure estimated in advance according to the payment standard as the standard for determining the insurance rate. Moreover, unlike commercial insurance, the calculation of social insurance rate needs to consider more social and economic factors besides risk factors in order to obtain a fair and reasonable rate.