Accounting entries for withholding and paying social insurance premiums by enterprises

Accounting entries for withholding and paying social insurance premiums by enterprises

When paying:

Debit: Payables-social insurance premium (unit part) Other receivables (payment part)-social insurance premium (individual part)

Loans: bank deposits

Cumulative time:

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

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

When paying wages:

Debit: Payable-Payable (Payable)

Loan: other receivables (payment)-social insurance premium (personal part) Cash on hand (actual amount)

What does the enterprise social insurance cost include?

Various social insurance premiums that enterprises should pay, including basic old-age insurance premiums, unemployment insurance premiums, medical insurance premiums and work-related injury insurance premiums. From the confirmation and provision of social insurance premiums to the collection, management and late payment of social insurance funds, these links are independent and separated from each other, but at the same time they are interrelated and influenced each other.

According to the requirements of matching principle and accrual principle, the current insurance expenses should be confirmed during the period when employees provide related services to enterprises. As the additional compensation value for social workers, this part of deferred payment should be confirmed and measured in time during the corresponding period when employees provide services, and included in the current cost items as the necessary expenses of enterprise production and business activities.

How to deal with social security accounting entries withheld and remitted by enterprises?