Accrual of social security accounting entries

The accounting entries of social security reserve are as follows:

1. When withdrawing salary: debit: management fee-salary; Loan: Payable to employees.

2. When social security is accrued: debit: management fee-social insurance premium; Loans: wages payable to employees-social insurance premiums.

3. When the salary is paid next month: debit: payable-salary; Loan: Cash on hand or bank deposit.

4. When paying social security: by: wages payable to employees-social insurance premiums; Loan: Cash on hand or bank deposit.

Accounting processing steps of social security expense accrual:

1. Calculate the total social security fees payable according to the total wages of the enterprise and the local social security policy;

2. Accounting entries are: debit: management fee-social insurance fee; Loan: taxes payable-social insurance premiums payable;

3. When the social insurance premium is actually paid, the accounting entries are: debit: taxes payable-social insurance premium payable; Loans: bank deposits;

4. After the payment is completed, keep the relevant payment vouchers and bank teller documents as attachments to the accounting vouchers.

To sum up, the accounting entries of withholding social security include two parts: withholding wages and withholding social security. When the salary is accrued, the management fee-salary is debited, and the salary-salary payable to employees is credited; When social security is accrued, the management fee-social insurance premium is debited, and the payable employee salary-social insurance premium is credited. When paying wages next month, debit the salary payable to employees and credit the cash on hand or bank deposit; When paying social security, debit the wages payable to employees-social insurance premium, and credit cash on hand or bank deposit. The accounting processing steps of withdrawing social security expenses include calculating the total amount of social security expenses payable. Accounting entries are debiting management fees-social insurance premiums and crediting taxes payable-social insurance premiums. When the social security fee is actually paid, the accounting entry is to debit the payable tax-social insurance fee and credit the bank deposit. After the payment is completed, you need to keep the relevant payment vouchers and bank teller documents as attachments to the accounting vouchers.

Legal basis:

Accounting Standards for Enterprises-Basic Standards

Article 10

Enterprises should determine accounting elements according to the economic characteristics of transactions or events. Accounting elements include assets, liabilities, owners' equity, income, expenses and profits.

Article 11

Enterprises should use the debit and credit bookkeeping method to keep accounts.