Accounting treatment of enterprises paying social security for employees

Accounting treatment of enterprises paying social security for employees

Social security should first be credited to the detailed account of employees' salary payable, and the accounting treatment is as follows:

1. Unit: Debit: management fee-social insurance (unit)

Loan: Payable to employees-Payable to various insurances (unit)

2. Personal part: debit: payable-payable.

Loan: Payable to employees-Payable to various insurances (individuals)

3. Bank withholding: debit: payable to employees-payable to various insurances (units).

Payroll payable to employees-Insurance payable (individual)

Loans: bank deposits

How to calculate the insurance premium:

Payment amount = payment base * payment proportion.

Social security payment base

Social security payment base refers to the wage base used by enterprises or individual employees to calculate and pay social insurance premiums. This base multiplied by the prescribed rate is the amount of social insurance premiums that enterprises or individuals should pay.

Local social security payment bases are linked to local average wage data. It is determined according to the average monthly wage income of employees from June 1 day to February 1 day in the previous year. Once a year, it will not change within one year after confirmation. The time to apply for adjusting the social security base is generally in July.

Enterprises generally take the total wages of enterprise employees as the payment base, and individual employees take half of their average monthly salary in the previous year as the salary base for individuals to pay social insurance premiums. In China, the payment base is approved by the social insurance agency according to the employer's declaration.

2. Payment ratio

Payment ratio, that is, the collection rate of social insurance premiums. China's "Social Insurance Law" does not make specific and clear provisions on the collection rate of social insurance. According to China's current social insurance policy, we implement different collection ratios for different types of social insurance.

Accounting treatment of enterprises paying social security for employees? After reading the above, you should have an understanding of the accounting treatment of enterprises paying social security for employees. If you have any other questions, please feel free to ask our professional teachers. For more school knowledge, please continue to pay attention to the introduction behind this website!