Should social security expenses be accrued?

Legal analysis: social security can be omitted. If the company pays the social security fee on time every month, it does not need to be accrued. After paying the social security fee, it can be recorded directly by the invoice, and the debit is listed in the account book: management fee-social insurance, loan: cash on hand. Social security includes endowment insurance, medical insurance, industrial injury insurance, unemployment insurance and maternity insurance, and personal social security needs to be accrued. Social insurance cannot be accrued before it is processed. The proportion of "five insurances and one gold" varies with local policies. The part that the enterprise should pay according to the proportion stipulated by the labor and social security department can be included in the "management fee". Generally, the salary of the current month will be paid next month, but the social security must be paid that month. All the accounts are paid in advance, and next month's salary will be written off. All of them are: other receivables-prepaid social insurance premiums for employees.

Legal Basis: Accounting Standards for Enterprises-Basic Standards

Article 10 An enterprise shall determine accounting elements according to the economic characteristics of transactions or events. Accounting elements include assets, liabilities, owners' equity, income, expenses and profits.

Article 11 An enterprise shall adopt the debit and credit bookkeeping method for bookkeeping.

Article 58 of the Social Insurance Law of People's Republic of China (PRC), the employing unit shall, within 30 days from the date of employment, apply to the social insurance agency for social insurance registration for employees. If the social insurance has not been registered, the social insurance agency shall verify the social insurance premium it should pay.