How to write the accounting entry of enterprise's social security provision?

The social security paid by enterprises for employees is divided into the part undertaken by enterprises and the part undertaken by individuals. Social security is generally accrued and paid when employees are paid monthly, which is usually included in the accounting of employees' wages payable. How to make relevant accounting entries?

Accrual of social security accounting entries

Social Security Withdrawal (Enterprise Part)

Debit: management/sales expenses, etc.

Loans: Payables-Social Security

Give it to Du Bao.

Debit: Employees Payable-Social Security (Enterprise Part)

Other payables (personal part)

Credit: cash on hand/bank deposit.

Accounting entries for withdrawal of housing provident fund

Unit burden (according to the total wages, the extraction ratio varies from place to place)

When extracting

Borrow: management fee-housing accumulation fund

Loan: other payables-housing accumulation fund

When handing in

Borrow: other payables-housing accumulation fund

Loan: bank deposit/cash on hand.

Personal part

Deduct when paying wages

Debit: Payables-Wages

Loan: bank deposit/cash on hand.

What is the salary payable to employees?

Salary payable to employees refers to various forms of remuneration or compensation given by enterprises in order to obtain services provided by employees or terminate labor relations. Employee compensation includes short-term salary, post-employment benefits, dismissal benefits and other long-term employee benefits.

How much is the management fee?

Management expenses refer to the expenses incurred by enterprises for organizing and managing production and operation. Including: start-up expenses, company funds, trade union funds, directors' dues, legal fees, stamp duty, technology transfer fees, business entertainment expenses, property tax, travel tax, land use tax incurred by the administrative department in the operation and management of the enterprise or borne by the enterprise.