Accounting entries for wage payment and social insurance deduction

There are two situations. Decide whether to adopt other payables or other receivables.

First, the salary is paid first, and the bank withholds social security last.

Draw wages

Debit: Management expenses (management personnel)

Sales expenses (of salespeople)

Production cost (direct company of production personnel), etc.

Loans: Payables-Payables

When social insurance premium is accrued:

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

Loan: other payables-social security (unit part)

Loans at the time of issuance: salaries payable to employees-wages payable

Loans: bank deposits

Other payables-withholding personal social security

Taxes payable-personal income tax

An extended information enterprise shall, according to the beneficiaries of the services provided by the employees, handle the employee's salary according to the following circumstances respectively.

The wages of production department personnel shall be debited to the subjects of "production cost", "manufacturing cost" and "labor cost" and credited to this subject.

The salary of management personnel shall be debited to the subject of "management expenses" and credited to this subject.

The salary of the salesperson shall be debited to the subject of "sales expenses" and credited to this subject.

Staff salaries and R&D expenditures borne by the projects under construction shall be debited to the subjects of "projects under construction" and "R&D expenditures" and credited to this subject.

Compensation for termination of labor relations with employees.

Baidu Encyclopedia-Payable Employee Compensation