Whether the accrued wages should be reflected in the relevant sub ledger

The accrued wages must be reflected in the relevant sub-accounts.

Accounting entries for accrual of wages:

Borrow: Production costs (wages of production workers).

Manufacturing expenses (remuneration of shop floor managers).

Labor costs (remuneration of the person providing the labor).

Administrative expenses (remuneration of personnel in the administrative department).

Selling expenses (compensation of sales agency personnel).

Construction in progress (remuneration of construction in progress).

R&D expenditure (employee compensation of R&D expenditure personnel).

Credit: Employee Compensation Payable – Wages.

Employee benefits.

Trade union funding. Employee education funds.

Social insurance premiums (part borne by the company).

Housing provident fund, etc. (the part borne by the enterprise).

After the accounting books are registered, the accrued wages must be reflected in the relevant sub-accounts.

Didn't you already include the expenses when you accrued in May?

May: Borrow: Manufacturing Expenses Administrative Expenses 1600

Credit: Employee compensation payable 1600

Didn't send money, did you? Ignore it.

Then when you accrue it again in June:

Borrow: Manufacturing Expenses Administrative Expenses 1200

Credit: Employee compensation payable 1200

Now you have to pay the salary of 1600 + 1200 = 2800 from May to June together, right?

Borrow: Employee compensation payable 2800

Credit: Cash Bank Deposit 2800

That's it, the second-level subjects are set according to the needs of your company.

When an enterprise calculates the wages of its employees every month, it involves the processing of accrued wages. At the end of the month, when the sail is omitted to raise the salary, how do the accountants handle the accounts?

How to account for the accrual of wages?

Bad calculations raise wages.

Borrow: Administrative Expenses - Salaries.

Credit: Employee Compensation Payable.

Accrual of Insurance Provident Fund.

Borrow: Employee remuneration payable.

Credit: Other Payables - Social Insurance.

Other payables - Housing Provident Fund.

Pay insurance. Borrow: Other Payables - Social Insurance.

Management Expenses - Insurance.

Credit: Bank deposits.

Contribute to the Housing Provident Fund.

Borrow: Other payables - Housing Provident Fund.

Management Expenses - Housing Provident Fund.

Credit: Bank deposits.

Accrual of individual income tax. Debit: Other Receivables - Individual Income Tax.

Credit: Taxes Payable - Personal Income Tax.

Pay individual income tax. Borrow: Tax payable - personal income tax.

Credit: Bank deposits.

Payroll is paid next month.

Borrow: Employee remuneration payable.

Credit: Cash Bank Deposits.

Other receivables - personal income tax.

Employee remuneration refers to various forms of remuneration or compensation given by an enterprise to obtain services provided by employees or to terminate labor relations. Including short-term compensation, post-employment benefits, severance benefits, and other employee benefits. Therefore, employee benefits such as high temperature allowance are included in the account of employee compensation payable.

The account of employee remuneration payable accounts for the accrual, settlement and use of employee remuneration. The amount of employee remuneration that has been allocated to the relevant cost and expense items is credited, the remuneration of employees actually paid is credited to the debit, and the credit of the account at the end of the period has a balance, indicating that the enterprise has unpaid employee remuneration.

Hello, the wages accrued in the previous month and the salary payable in the next month are paid in the next month. Credit bank deposits.

How should the specific accounting entries be prepared when the enterprise accrues wages, and the accounting treatment involves "employee remuneration payable", "production costs", "management expenses" and other subjects?

Accounting treatment of accrual and payable.

First of all, when the salary is calculated, only the part of the social security unit is processed, and the individual part of the social security is not deducted, and the deduction is made when it is to be paid.

1. When accruing, the accounting entries that the enterprise should prepare are as follows:

Borrow: production costs, manufacturing expenses, administrative expenses, etc.

Credit: Employee Compensation Payable – Wages.

Employee remuneration payable – social security contributions (unit part).

Remuneration payable to employees - housing provident fund (unit part).

2. At the time of issuance, the accounting entries that the enterprise should prepare are as follows:

Borrow: Employee Compensation Payable - Wages.

Credit: cash in hand, etc. (actual salary).

Other receivables – social security contributions (personal component).

Other payables – Housing Provident Fund (Individual-borne Portion).

3. When paying, the accounting entries that the enterprise should prepare are shown below

Borrow: Other receivables – social security contributions (personal component).

Other payables – Housing Provident Fund (Individual-borne Portion).

Employee remuneration payable – social security contributions (unit part).

Remuneration payable to employees - housing provident fund (unit part).

Credit: Bank deposits.

Detailed entries when accruing wages.

Borrow: production cost (production workshop production worker salary).

Manufacturing expenses (remuneration of production floor management personnel).

Administrative expenses (executive compensation).

Selling expenses (salesperson compensation).

R&D expenditure (remuneration of personnel engaged in R&D activities).

Construction in progress, etc. (salary of personnel engaged in engineering construction).

Credit: Employee Compensation Payable.

What is Employee Compensation?

In fact, it refers to various forms of remuneration or compensation given by enterprises in order to obtain the services provided by employees or to terminate labor relations. Employee compensation includes short-term compensation, post-employment benefits, severance benefits, and other long-term employee benefits. The benefits provided by the enterprise to the employee's spouse, son, dependents, family members and other beneficiaries of the deceased employee are also employee benefits.