Let other people's companies to pay social security how to do the accounts?

How do you account for the social security contributions of other companies?

The company's portion is accrued monthly

Borrow: Expenses/Costs-Insurance

Credit: Employee Compensation Payable-Insurance

When other companies make contributions on behalf of others

Borrow: Employee Compensation Payable-Insurance

Other Accounts Receivable (personal portion of the employee)

Loan: Other Accounts Payable

When you make a payroll payment, you can deduct the personal social security from the employee's wages and pay the employee's salary. Deduction of personal social security

Borrow: Employee's compensation payable - wages

Credit: Other receivables (employee's personal portion)

Bank deposits

Taxes payable - personal tax

If you can't apply for the required type of insurance by yourself, you can choose a social security agent to do it for you. For example, if you want to apply for a housing fund, but you can't do it through your own contributions, you can do it through a social security agency.

How to do the accounting of social security for others?

When you make a contribution, the accounting treatment is as follows:

Borrow: Administrative Expenses - Social Insurance Premiums (Enterprise)

Credit: Employee Compensation Payable - Social Insurance Premiums (Enterprise)

When you make a payment, the accounting entry is as follows:

Borrow: Employee Compensation Payable - Social Insurance Premiums (Enterprise)

Other Payables

Social security premiums (personal part)

Credit: bank deposits

When the wages are paid, deduct the part of the social security of the individual:

Borrow: payable salaries

Credit: bank deposits

Other payables - social security premiums (personal part)

Let someone else pay the social security of how to make the account?