Withdraw and pay social security items

Accounting entries for payment of social security

1. Entries when social security expenses are accrued:

Borrow: management fee-social insurance fee (unit part),

Loan: wages payable to employees-social insurance premium (unit part);

2. Entries when actually paying social security fees:

Debit: Payable staff salary-social insurance premium (unit part),

Debit: other receivables (payment)-social insurance premium (personal part)

Loan: bank deposit.

Social insurance premium refers to the fees paid by employees and employers to social insurance management institutions in the process of raising social insurance funds, which is the most important source of social insurance funds.

It can also be regarded as the fees charged by the insurer (country) of social insurance to the insured (employees and employers) for assuming legal social insurance responsibilities. The main body of cost sharing is the state, enterprises and individuals.

The different combinations of these three subjects have produced many ways of sharing expenses. Even in the same country, different social insurance projects may adopt different insurance cost sharing methods, in which employers and employees pay the fees, and the government bears the ultimate responsibility.

Endowment insurance is paid to social insurance institutions according to a certain proportion of employees' wages. Among them, the unit bears a part, the individual bears a part, and the part borne by the individual is withheld by the unit and generally paid in the current period. Therefore, when paying fees, the part that employees should pay should be borne by the unit first.

1. Accounting treatment during current payment: management fee-endowment insurance (note: the part borne by the unit), other receivables-endowment insurance (note: the part borne by the individual), and loan: bank deposit.

2. When the salary is paid, the part paid by the company will be recovered, and the accounts will be processed when it is deducted from the employee's salary. Debit: salary payable to employees, and loan: other receivables-endowment insurance premium.

3. If no payment is made in the current period,

① Current accounting treatment, borrowing: management expenses-endowment insurance premium, and lending: other payables-endowment insurance premium;

(2) Deduct the part that the individual should pay when paying the salary, by: the employee's salary payable, and by: other payables-endowment insurance premium.

4. In the future, the enterprise will pay the pension withheld by the enterprise to the accounting treatment of the labor and social security department, by: other payables-pension insurance premiums, and by: bank deposits. The enterprise accounting system requires that basic old-age insurance, medical insurance, housing accumulation fund and unemployment insurance be accounted for in "other payables", and the personal burden of employees is generally deducted from wages. Other payables refer to other payables except taxes and dividends payable by enterprises, including education surcharge payable, mineral resources compensation payable, housing accumulation fund payable, etc.

Legal basis:

People's Republic of China (PRC) social insurance law

Article 4 Employers and individuals who pay social insurance premiums according to law in People's Republic of China (PRC) have the right to inquire about payment records and personal rights and interests records, and ask social insurance agencies to provide social insurance consultation and other related services.

Individuals enjoy social insurance benefits according to law and have the right to supervise the payment of their own units.