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How do social security individual companies handle accounting?

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1. Accounting treatment of current payment

Borrow: management fee-endowment insurance premium (note: unit burden)

Other receivables-endowment insurance premium (note: personal burden)

Loans: bank deposits

2. When paying wages, the part paid by the unit shall be recovered and deducted from the wages of employees for accounting treatment.

Debit: payable to employees.

Loans: other receivables-endowment insurance premium

3. If there is no payment in the current period.

(1) Current accounting treatment

Borrow: management fee-endowment insurance premium

Loan: other payables-endowment insurance premium

(2) When paying wages, the part that individuals should pay should be deducted.

Debit: payable to employees.

Loan: other payables-endowment insurance premium

4. In the future, the accounting treatment of enterprise withholding pension will be handed over to the labor and social security department.

Borrow: other payables-endowment insurance premium

Loans: bank deposits