Social security is to pay as much as accrued?

The company pays social security is required to be accrued first.

Accruing wages,

Borrow : Administrative expenses/operating expenses - wages

Loan : Other receivables - social security (personal part), Compensation payable - wages

Accruing social security:

Borrow : Administrative expenses/operating expenses - social security (company's portion), Other receivables - social security (personal portion)

Loan: Employee compensation payable-Social Security.

Payment of social security:

Borrow: payable remuneration - social security

Credit: bank deposits

Whether the company for the employees to pay social security is to be determined by the local "human resources and labor security bureau" of the social security policy regulations.

Secondly, if there is a requirement to pay, then it must be accrued in accordance with the fifth provision of "Accounting Standard No. 9 ---- Compensation Payable to Employees". Article 5 of "Accounting Standard for Business Enterprises" No. 9 ---- Remuneration payable to employees" reads as follows: "Social insurance premiums such as medical insurance premiums, pension insurance premiums, unemployment insurance premiums, industrial injury insurance premiums, maternity insurance premiums, etc., and housing provident fund paid by an enterprise for its employees shall be recognized in the accounting period in which the employees provide services for it, based on the total amount of wages and salary. accounting period, calculated on the basis of a certain percentage of the total wages, and handled in accordance with the provisions of Article 4 of these Guidelines."

Article 4 reads, "An enterprise shall recognize employee remuneration payable as a liability in the accounting period in which the employee provides services for it."

In summary, the company's social security payments need to be accrued first.