How to make accounting entries for social insurance premiums?

In dealing with the accounts of social insurance premiums, enterprises usually set up "payable salaries", "other receivables", "administrative expenses" and other accounting accounts, the specific accounting entries What should I do?

Accounting entries for social insurance premiums

Payment of social insurance premiums:

Borrow: Compensation payable - social insurance premiums (unit portion)

Other receivables - social insurance premiums (individual portion) )

Credit: Bank deposits

When accruing:

Borrow: Administrative expenses - social insurance premiums (unit portion)

Credit: Employee compensation payable - social insurance premiums (unit portion)

When wages are paid:

Borrow: Employee compensation payable - wages (payable)

Loan: Other receivables - social insurance premiums (individual portion)

Cash on hand (actual amount)

How to understand cash on hand?

Cash on hand is the currency stored in the accounting department of the enterprise and handled by the cashier. Cash on hand is the most liquid asset of the enterprise, the enterprise should strictly abide by the relevant national cash management system, correctly accounting for cash receipts and expenditures, and supervise the legitimacy and reasonableness of the use of cash.

The general classification of cash on hand is carried out by setting up the "cash on hand" account. The "cash on hand" account is an asset type account, the debit side reflects the income of cash on hand, the credit side reflects the expenditure of cash on hand, and the balance is on the debit side, which indicates the balance of cash on hand.

How do you understand employee compensation payable?

Employee compensation payable refers to the various forms of remuneration or compensation given by an enterprise to obtain the services provided by employees or to terminate the labor relationship. Employee compensation includes short-term compensation, post-employment benefits, termination benefits and other long-term employee benefits. Benefits provided by an enterprise to an employee's spouse, children, dependents, survivors of deceased employees and other beneficiaries, etc., are also classified as employee compensation.

Enterprises account for the accrual, settlement and use of employee compensation payable through the account "Employee Compensation Payable". "Remuneration payable to employees" account should be set up in accordance with the wages, bonuses, allowances and subsidies, employee welfare, non-monetary benefits, social insurance premiums, housing fund, trade union funds and employee education funds, paid absences, profit-sharing plan, defined contribution plan, defined benefit plan, severance benefits and other subjects to set up a detailed account for detailed accounting. Accounting.