Accounting entries for paying social insurance premiums

Accounting entries of social security expenses:

When paying employees:

Debit: Payables-Wages

Loan: bank deposit/cash on hand.

Taxes payable-personal income tax

Other payables-social insurance (personal burden)

Pay social insurance:

Borrow: management fees, etc. Social insurance (part of the burden of enterprises)

Other payables-social insurance (personal burden)

Loans: bank deposits

Part of the burden on the enterprise can also be accrued first and then paid:

Cumulative time:

Borrow: management expenses-social insurance (part of enterprise burden)

Loans: other payables-social insurance (corporate burden)

When paying:

Borrow: other payables-social insurance (part of enterprise burden)

Other payables-social insurance (personal burden)

Loans: bank deposits

Payable employee salaries refer to all kinds of wages that enterprises should pay to employees in accordance with relevant regulations, including employee salaries, bonuses, allowances and subsidies, employee welfare funds, medical care, pension, unemployment, work-related injuries, maternity and other social insurance premiums, housing accumulation funds, trade union funds, employee education funds, non-monetary benefits and other obligations arising from employee services.