Job Recruitment Website - Social security inquiry - How to do the accounting entries of withholding social security by the company?

How to do the accounting entries of withholding social security by the company?

The social security expenses of ordinary employees shall be withheld and remitted by their units. How to make accounting entries for social security expenses incurred by the unit? Let's get to know each other.

Accounting entries of withholding and remitting social security by the company

1, social security deduction in wage payment era:

Debit: payable to employees.

Loan: bank deposit or cash.

Other payables-social security withheld (this is the social security part actually withheld)

2. When the company pays social insurance on behalf of employees:

Debit: Other payables-withholding social security.

Loan: bank deposit or cash on hand.

How to do the accounting entries of wage social security accumulation fund?

I provision of wages, social security and provident fund

Generally, the salary payable table is made according to the attendance sheet and salary system as the basis for salary accrual, and it can also be made with reference to last month's salary in special circumstances.

1, total accrued wages

Debit: management expenses/sales expenses, etc. -Salary

Loan: wages payable to employees.

2. Take back the social security part undertaken by the company.

Debit: management expenses/sales expenses-social security

Loans: Payables-Social Security

3. Withdraw part of the company's provident fund.

Debit: management expenses/sales expenses-provident fund

Loans: Employees Payable-Provident Fund

Second, pay social security provident fund.

Borrow: payable to employees-social security

Employees payable-provident fund

Other receivables-personal social security

Loans: bank deposits

Third, the actual payment of wages.

When actually paying wages, the company will withhold and remit personal social security, provident fund and individual tax.

Debit: Payables-Wages

Loans: bank deposits

Other receivables-personal social security

Other receivables-individual provident fund

Taxes payable-personal income tax

Fourth, pay a tax.

Borrow: Taxes payable-personal income tax

Loans: bank deposits