How to do the accounting entries of monthly salary and social security fee?

Enterprises need to pay wages to employees in the course of operation, and accountants need to conduct accounting treatment for accrued wages and insurance premiums before paying wages every month. How to deal with the accounting entries of accrued wages and insurance premiums?

Accounting entries for monthly provision of wages and social security fees

1, when an enterprise distributes the wages of its employees:

Debit: management expenses/sales expenses

Loan: wages payable to employees.

2. When the enterprise accrues enterprise social security:

Debit: management expenses/sales expenses

Loans: Payables-Social Security

3. When the enterprise pays wages next month:

Debit: Payables-Wages

Loans: Payables-Social Security

Taxes payable-personal income tax payable

Cash on hand/bank deposit

4. When the enterprise submits the guarantee:

Borrow: payable to employees-social security

Credit: cash on hand/bank deposit.

What is the salary payable to employees?

Salary payable to employees refers to various forms of remuneration or compensation given to employees by enterprises in order to obtain services provided by employees or terminate labor relations, including short-term wages, post-employment benefits, dismissal benefits, other long-term employee benefits and benefits provided by enterprises to employees' spouses, children, dependents, survivors of deceased employees and other beneficiaries.

Enterprises should set up the subject of "Payable Staff Salary", account for the provision, settlement and use of Payable Staff Salary, and set up detailed subjects according to such subjects as wages, bonuses, allowances, employee welfare funds, non-monetary benefits, social insurance premiums, housing accumulation fund, trade union funds and employee education funds, paid leave, dividend plan, fixed deposit plan, defined benefit plans and dismissal benefits.