How to deal with the accounts returned to the endowment insurance

The returned endowment insurance is the opposite entry of the previous payment and accrual. When the payment is received, the accounting treatment is:

Debit: bank deposit,

Loan: payable to employees-social security.

Reversal of previously accrued entries,

Borrow: payable to employees-social security,

Loan: management expenses, sales expenses,

Manufacturing cost and other subjects.

1. If social insurance is returned to the company: through: bank deposit, etc. (or cash on hand). Loan: management fee-social insurance fee or loan: bank deposit, etc. Debit: management fee-social insurance fee (red)

2. If social insurance is returned to the individual:

(1) When receiving social insurance premium, debit: bank deposit. Loans: other payables-social insurance

(2) When the unit pays individuals, it borrows: other payables-social insurance. Credit: cash

Social security refund entry: the accounting entry made every month is: debit: management fee, loan: bank deposit, whether it is the other way around when returning, that is, debit: bank deposit, loan: management fee.

What entries to make when paying the social security fund, and it is ok to refund the account as a negative debit.

Pay social security and return accounting entries: just reverse the entries. Original borrowing: management fee-social security fee, loan: bank deposit, reverse borrowing: bank deposit, loan: management fee-social security fee.

Accounting entry for returning social insurance premiums: This accounting entry is divided into two situations:

The first kind of refund is that the enterprise pays the social security fund, which is recorded in the subjects such as "management expenses" in that year; Last year, the previous year's profit and loss adjustment was credited, and then it was carried forward to the profit distribution account.

The second kind of refund is that the individual pays the social security fund, and then credits "other payables-individual pays the social security fund".

Accounting entries that return the deducted social security expenses to employees: the social security expenses deducted from the entries during the deduction of wages are distributed to employees.

Legal basis: People's Republic of China (PRC) Social Insurance Law.

Article 2 The state establishes social insurance systems such as basic old-age insurance, basic medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, so as to guarantee citizens' right to receive material assistance from the state and society in accordance with the law in case of old age, illness, industrial injury, unemployment and maternity.

Article 14 Individual accounts shall not be withdrawn in advance, and the bookkeeping interest rate shall not be lower than the bank time deposit interest rate, and interest tax shall be exempted. If an individual dies, the balance of the individual account can be inherited.

Sixteenth individuals who participate in the basic old-age insurance will receive the basic old-age pension on a monthly basis if they have paid for fifteen years at the statutory retirement age.

Individuals who participate in the basic old-age insurance and pay less than fifteen years when they reach the statutory retirement age can pay for fifteen years and receive the basic pension on a monthly basis; Can also be transferred to the new rural social endowment insurance or urban residents' social endowment insurance, enjoy the corresponding pension insurance benefits in accordance with the provisions of the State Council.