Processing method of accounting entries of social security refund during epidemic period

Processing method of accounting entries of social security refund during epidemic period

1, return to enterprise

Debit: bank deposit

Loan: non-operating income

2, returned to the employee

Debit: bank deposit

Loan: wages payable to employees.

Debit: payable to employees.

Loans: management fees, etc.

How to reduce social security during the epidemic?

During the epidemic period, social security relief mainly includes endowment insurance, industrial injury insurance and unemployment insurance.

From February to June, domestic small and medium-sized enterprises enjoy full exemption (including large enterprises in Hubei Province), and from February to April, large enterprises outside Hubei Province will be levied by half.

3. During the epidemic, personal social security needs to be paid normally, that is, employee social security needs to be deducted every month. In some places, due to the flexible employment of employees, the cash flow is not good, and it can be reissued within three months after the epidemic, but it cannot be exempted from inspection.

During the epidemic period, how to define the time limit for reducing and exempting enterprise social insurance premiums in stages?

The social insurance fee reduction and exemption policies of enterprises in various places will be implemented uniformly from February 2020 without delay. The termination month shall be implemented according to the specific implementation measures of each province. The number of months for the implementation of the relief policy determined by all localities shall be continuously implemented, and the total number of months for the implementation period shall not exceed the upper limit specified in document 1 1.

Specifically, other provinces outside Hubei Province can exempt the small and medium-sized enterprises from the basic old-age insurance, unemployment insurance and work-related injury insurance (hereinafter referred to as the three social insurances) for a period of no more than five months, which means that the exemption policy can be implemented until June; Large enterprises and other units (excluding government agencies and institutions) can pay half of the three social insurances, and the policy of reducing the levy period can be implemented until April.

Hubei province can exempt all types of insured units from the payment of three social insurances for a period of no more than five months, which means that the exemption policy can be implemented until June.

During the epidemic period, the accounting entries for returning social insurance premiums shall be handled in the above manner, and accounting entries shall be made according to the specific types of returning social insurance premiums. In addition, after the resumption of work in the whole country, the preferential social security policy for reducing the epidemic will not be implemented all the time. Once this policy expires, corporate financial personnel should pay social security fees in the original way.