Social insurance and employee insurance premium

When paying social insurance premiums for employees, the accounting treatment is as follows:

1, when paying:

Borrow: Payable wages-wages

Credit: cash

Other payables-withholding and remitting social insurance premiums

2 units to pay insurance to the social security department:

Debit: Payable staff and workers-social insurance premium

Loans: bank deposits

3. At the end of the month, allocate the salary balance payable to employees:

Debit: overhead-salary

Management fee-social insurance fee

Loan: wages payable to employees.

Payable employee-social insurance premium

Article 2 of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Deduction of Wages and Salaries and Employee Welfare Expenses (Guo Shui Fa [2009] No.3) stipulates that the "total wages and salaries" mentioned in Articles 40, 41 and 42 of the Implementation Regulations refers to the total wages and salaries actually paid by enterprises in accordance with Article 1 of this Notice, excluding employee welfare expenses, employee education funds, trade union funds, old-age insurance premiums, medical insurance premiums and unemployment. The wages and salaries of state-owned enterprises shall not exceed the limits given by the relevant government departments; The excess shall not be included in the total wages and salaries of the enterprise, nor shall it be deducted when calculating the taxable income of the enterprise.

Article 2 of Accounting Standards for Business Enterprises No.9-Employee Compensation (2006) stipulates that employee compensation refers to various forms of remuneration and other related expenses given by enterprises in order to obtain services provided by employees. Employee compensation includes:

(1) Wages, bonuses, allowances and subsidies of employees;

(2) Employee welfare fund;

(3) Social insurance premiums such as medical insurance premium, endowment insurance premium, unemployment insurance premium, work injury insurance premium and maternity insurance premium;

(4) Housing accumulation fund;

(five) trade union funds and staff education funds;

(6) Non-monetary benefits;

(seven) compensation for the termination of labor relations with employees;

(8) Other expenses related to obtaining services provided by employees.

Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.