How to do the social security accrual entry?

According to the process of social security accruals and payments, the relevant entries regarding the company's social security are generally divided into three steps,

1, when the company's social security accruals are made, the following entries are made,

Borrow: Administrative Expenses-Social Insurance Premiums (Unit portion)

Credit: Employee Payable Salaries-Social Insurance Premiums (Unit portion).

2. When the actual salary is paid, the portion to be borne by the individual is deducted back,

Borrow: Employee's remuneration payable - Salary (payable),

Credit: Other receivables (payable)-Social insurance premiums (individual portion),

Bank deposits/cash (payable).

3. When the enterprise actually pays the social security,

Borrow: Remuneration payable to employees - social insurance premiums (unit portion),

Other receivables (payable) - social insurance premiums (individual portion),

Credit: Bank deposits/cash.