How to make entries when collecting social security

How to make entries when collecting social security

When paying:

Debit: Payable staff salaries-social insurance premium (unit part)

Other receivables (payment)-social insurance premium (personal part)

Loans: bank deposits

Cumulative time:

Borrow: management fee-social insurance fee (unit part)

Loan: wages payable to employees-social insurance premium (unit part)

When paying wages:

Debit: Payable-Payable (Payable)

Loan: other receivables (payment)-social insurance premium (personal part)

Cash on hand (actually released)

What is the format of enterprise accounting entries?

First: it should be borrowed first and then lent, with the borrower at the top and the lender at the bottom;

Second: the credit bookkeeping symbol, account and amount should be followed by a space after the debit, indicating that the debit is on the left and the credit is on the right.

There are two kinds of accounting entries: simple entry and compound entry, in which the simple entry is the entry of borrowing a loan; Compound entries are one-loan multi-loan entries and one-loan multi-loan entries.

It should be pointed out that in order to keep the corresponding relationship of accounts clear, it is generally not appropriate to merge different economic businesses and prepare accounting entries by borrowing more and lending more. However, in some special circumstances, accounting entries can be compiled to reflect the whole picture of economic business.

How to make entries in collecting social security? On the whole, if the company is engaged in collecting social security, the social security money received should be accounted for according to the main business income account. If the company collects social security accounts from employees, financial entries can be accounted for by other accounts receivable and management fees. Please read the following for more information.