Do social insurance premiums need to be accrued?

Social insurance premiums need not be accrued, but charged directly.

Debit: overhead-salary and labor insurance

(If withheld and remitted by individuals, other receivables-withholding social security fund shall be borrowed at the same time).

Loan: bank deposit.

However, according to the requirements of the system salary, it is accrued: borrowed: management fee-salary.

Loan: Payable wages.

Deduction and loan repayment when funds are open: wages payable.

Debit: other receivables-withholding social security fund.

Loan: cash.

Provide social insurance premiums and housing accumulation funds such as medical insurance premiums and maternity insurance premiums paid by enterprises for employees during the accounting period, as well as trade union funds and employee education funds extracted according to regulations.

A place where employees provide services. Accrual basis and accrual basis calculate and determine the corresponding employee compensation amount, confirm the corresponding liabilities, and include them in the current profit and loss or related asset cost.

This is consistent with the basic content of the original guide. Although the endowment insurance premium is not listed separately, it should also be included.

According to accounting standards, individual social insurance should be included in the subject of "other payables-social insurance premiums (pension, medical care, unemployment insurance)", and unit commitment should be included in "wages payable-social insurance premiums".

In order to make it easier to understand, only the accounting treatment methods of pension, medical care and unemployment insurance are listed, which are treated with reference to housing provident fund.

Social security accumulated pension, medical insurance and unemployment insurance in the current year (undertaken by the unit):

Borrowing: costs and expenses

Loans: Payables-Payables for retired employees-Payables for medical insurance-Withholding unemployment insurance wages: Debit: Costs.

Loan:

Payable wages-When paying wages (excluding personal commitments):

Loan: Payable Wages-Wages

Loan: Other payables-social insurance premiums (pension, medical care and unemployment insurance) are taxable-personal income tax should be paid.

When using bank deposits to pay social security payments:

Loan: Payable salary-Payable pension-Payable medical insurance-Payable other unemployment insurance-Social insurance (pension, medical insurance, unemployment insurance).

Loans: bank deposits

When paying personal income tax:

Loan: tax payable-personal income tax payable: bank deposit.