Does the provident fund need to be withdrawn?

Does the provident fund need to be withdrawn?

According to the requirements of the new accounting standards, social security and provident fund need to be accrued every month. Social insurance includes: endowment insurance, medical insurance, unemployment insurance, industrial injury insurance and maternity insurance. Among them, the insurance undertaken by individuals is endowment insurance, medical insurance and unemployment insurance. Accounting entries for social insurance and housing accumulation fund: accounting entries for social insurance:

1. For enterprise burden, when withdrawing: borrowing: management fee-social insurance fee (management department); Borrow: sales expenses-social insurance (sales department); Borrow: production cost-social insurance premium (production department); Lending: Payable to employees-social insurance premium.

2. Personal burden, when paying wages (deducted according to the proportion of individual contributions), borrowing: wages payable to employees-wage loans: other payables-personal social insurance premiums (withholding the part that employees should pay) loans: cash on hand, etc.

3. Borrow when paying wages: wages payable to employees-social insurance premiums (paid by the company) other payables-personal social insurance premiums (withheld from employee contributions) Loan: bank deposits (total payment).

Accounting treatment of housing accumulation fund

1. For the burden of enterprises, the withdrawal time is: management expenses-housing provident fund (management department): sales expenses-housing provident fund (sales department): production costs-housing provident fund (production department): wages payable to employees-housing provident fund.

2. Personal burden, when paying wages (deducted according to the proportion of individual contributions), borrowing: wages payable to employees-wage loans: other payables-personal housing provident fund (withholding the part that employees should pay) loans: cash on hand, etc.

3. Borrow when paying wages: wages payable to employees-housing provident fund (borne by the unit) and other payables-personal housing provident fund (withheld part of employee contributions) Loan: bank deposit (paid total).

Does the provident fund need to be withdrawn? Generally speaking, the housing accumulation fund of an enterprise is part of the responsibility of the enterprise, and part of the responsibility of the employees is borne by the enterprise. When an enterprise withdraws the housing accumulation fund, the part undertaken by the enterprise is included in the relevant costs and expenses, and the part undertaken by the individual is included in other receivables. You can look at the introduction above.