How to write accounting entries when paying social insurance premiums?

Social insurance premiums are generally paid by enterprises and employees. When enterprises pay social insurance premiums, they can conduct accounting through accounts payable to employees and bank deposits. How to make relevant accounting entries?

Accounting entries for paying social insurance premiums

1. Accounting entries for paying social insurance premiums:

Debit: Payable staff salaries-social insurance premium (unit part)

Other receivables-social insurance premium (personal part)

Loans: bank deposits

2. When social insurance premiums are carried forward and accrued:

Borrow: management fee-social insurance fee (unit part)

Loan: wages payable to employees-social insurance premium (unit part)

3. When an enterprise pays its employees:

Debit: Payable-Payable (Payable)

Loan: other receivables-social insurance premium (personal part)

Cash on hand (actually released)

How to make an account of the returned social security fee?

Accounting treatment of social insurance premium receipt and payment;

Debit: bank deposit

Loans: payable to employees-social security

Reversal of previously accrued entries:

Borrow: payable to employees-social security

Loan: management fees and other subjects.

What is the salary payable to employees?

Salary payable to employees refers to the remuneration or compensation given by enterprises in order to obtain services provided by employees or terminate labor relations. Employee compensation includes short-term salary, post-employment benefits, dismissal benefits and other long-term employee benefits. Benefits provided by enterprises to employees' spouses, children, dependents, survivors of deceased employees and other beneficiaries also belong to employees' salaries.

"Payable salaries for employees" shall be accounted for in detail by setting detailed subjects such as wages, bonuses, allowances and subsidies, employee welfare funds, non-monetary benefits, social insurance premiums, housing accumulation fund, trade union funds and employee education funds, paid leave, profit sharing plan, limited escrow plan, limited benefit plan and dismissal benefits. The debit is the actual amount of employee compensation, and the credit balance reflects the unpaid employee compensation payable by the enterprise.