How to make accounting entries for the Disability Security Benefit?

The relevant accounting treatment of the disability security fund paid by enterprises is as follows:

1. Enterprises shall set up a detailed account of "Employment Security Fund Payable for Disabled Persons" under the "Other Payables" account (foreign-invested enterprises shall set up a detailed account of "Employment Security Fund Payable for Disabled Persons" under the "Other Payables" account) to calculate the employment security fund for the disabled that the enterprise should pay in accordance with the regulations.

2. The enterprise shall calculate the employment security fund payable for the disabled in accordance with the regulations, debit the account of "management expenses - employment security fund for the disabled", and credit the account of "other payables - employment security fund payable for the disabled" or "other payables - employment security fund payable for the disabled"; When actually paid, the account "Other Contributions Payable - Employment Security Fund Payable for Disabled Persons" or "Other Payables - Employment Security Fund Payable for Disabled Persons" is debited and the "Bank Deposit" account is credited. Where an enterprise places disabled persons in employment in excess of its proportion, or has made remarkable achievements in arranging employment for disabled persons, the rewards received in accordance with regulations shall be debited to the account of "bank deposits" and credited to the account of "management expenses - employment security fund for the disabled".

3. If an enterprise fails to pay the employment security fund for the disabled within the time limit, the late fee paid in accordance with the regulations shall be debited to the account of "non-operating expenses" and credited to the account of "bank deposit".

Of course, enterprises that implement the new "Accounting Standards for Business Enterprises" can also replace the "other payable" account with the "tax payable" account.

If there is no need to accrue, make entries directly at the time of payment:

Borrow: Administrative Expenses - Disability Security Benefit.

Credit: Bank deposits.

The accounting entries for the Disability Security are as follows:

1. Disability insurance payable by the enterprise: when accrued: borrowing: management expenses - disability insurance.

Credit: Taxes payable - Disability insurance.

When paying: borrowing: tax payable - disability insurance.

Credit: bank deposits, etc.

2. Arrange employment incentives for disabled persons in excess of the proportion: borrowing: bank deposits, etc.

Credit: Other income.

3. If the enterprise fails to pay the disability insurance fund in accordance with the regulations, it shall pay the late fee according to the regulations: borrow: non-operating expenses.

Credit: Bank deposits, etc.

Calculation criteria for disability benefits.

Annual payment of security fund = (the number of employees in the employer in the previous year and the number of disabled persons actually employed by the employer in the previous year) The average annual differential salary of the employees in the employer in the previous year. If the employer arranges employment for disabled persons who do not reach the prescribed proportion, the calculation result of the formula shall prevail, and the number may be rounded to two decimal places.

Related Policies

The policy stipulates that the requirements of the "Accounting Standards for the First Inspection of Enterprises No. 16 - ** Subsidy" on revenue expenditures shall be included in "other income".

Subjects. The policy stipulates that the "Accounting Standards for Business Enterprises - Basic Standards" on "gains and losses" (incurred by enterprises in non-routine activities

outflows of economic benefits that result in a decrease in owners' equity and are not related to the distribution of profits to owners) are included in the "Non-operating expenses" account.

There are two situations in which disability insurance accounting is made, one is that disability insurance is not accrued, and the other is disability insurance is accrued.

1. No disability insurance is provided.

In this case, it will be directly included in the "management expenses" account when paying the disability insurance: debit: management expenses - disability insurance, credit: bank deposits.

2. Accrual of disability insurance.

In this case, make accrual entries: debit: management expenses - disability insurance, credit: other payables - disability insurance.

The full name of the disability insurance fund is the employment security fund for the disabled, which is a fund paid by units that have not arranged employment for the disabled in accordance with regulations to protect the rights and interests of the disabled. When paying disability insurance: borrowing: other payables - disability insurance, credit: bank deposit.

According to the Administrative Measures for the Collection and Use of Employment Security Funds for Disabled Persons, the proportion of disabled persons employed by an employer shall not be less than the total number of employees in the unit. The disability insurance fund shall be calculated and paid according to the product of the difference between the number of disabled persons who have not reached the prescribed proportion in the employment arranged by the employer in the previous year and the average annual salary of the employees of the employer.

Calculation formula: annual payment of disability insurance = (the number of employees of the employer in the previous year The proportion of disabled persons employed in the place specified in the place of residence - the number of disabled persons actually arranged by the employer in the previous year) The average annual salary of the employees of the employer in the previous year.

Disability Benefit

The employment security fund for the disabled is referred to as the disability insurance fund, which is a fund paid by organs, groups, enterprises, public institutions and private non-enterprise units that have not arranged employment for the disabled in accordance with regulations to protect the rights and interests of the disabled. The local taxation bureau where the employer is located shall be responsible for the collection, and where there is no separate local taxation bureau, the State Taxation Bureau shall be responsible for the collection.

1. Accrual of employment security funds for the disabled:

Borrow: "Administrative Expenses - Employment Security Fund for Disabled Persons", Credit: "Other Payables - Employment Security Fund for Disabled Persons" or "Other Payables - Employment Security Fund Payable for Disabled Persons";

Actual delivery:

Borrow: "Other Contributions Payable - Employment Security Fund Payable for Disabled Persons" or "Other Payables - Employment Security Fund Payable for Disabled Persons".

Credit: "Bank Deposits" account.

Rewards received in accordance with regulations for enterprises that place disabled persons in employment in excess of their proportions or make notable achievements in arranging employment for disabled persons:

Debit: "Bank Deposit" and other accounts.

Credit: "Management Expenses - Employment Security Fund for Disabled Persons".

2. Failure to pay the employment security fund for the disabled within the time limit shall be paid for late payment:

Debit: "Non-operating expenses" account.

Credit: "Bank Deposits" account.

Remarks: 1) For the calculation of the employment security fund for the disabled, the accounting subjects of different enterprises are: general enterprises should be in the detailed account of "other payables - employment security funds payable for the disabled"; Foreign-invested enterprises are listed in the detailed account of "Other Payables" - Employment Security Fund Payable for Disabled Persons.

2) Of course, enterprises that implement the new "Accounting Standards for Business Enterprises" can also replace the "other payable" account with the "tax payable" account.

1. When an enterprise withdraws and disburses the employment security fund for the disabled:

Borrow: Management Expenses - Employment Security Fund for Disabled Persons.

Credit: Other Payables - Employment Security Fund for Disabled Persons.

When the guarantee is actually paid, the entries are:

Borrow: Other payables - Employment Security Fund for Disabled Persons.

Credit: Bank deposits.

2. When the enterprise does not accrue the employment security fund for the disabled:

Borrow: Management Expenses - Employment Security Fund for Disabled Persons.

Credit: Bank deposits.

The employment guarantee fund for the disabled is to protect the rights and interests of the disabled, and is paid by the organs, groups, enterprises, public institutions and private non-enterprise units that have not arranged for the employment of the disabled in accordance with the regulations. In accordance with provisions, the proportion of disabled persons employed by an employer must not be less than the total number of employees in that unit. The specific proportion shall be determined by the people of each province, autonomous region, or municipality directly under the Central Government in accordance with the actual situation in their respective regions.

Where an employer arranges employment for persons with disabilities that does not reach the proportion prescribed by the people of the province, autonomous region, or municipality directly under the Central Government where it is located, it shall pay a security fund.

The employment security fund for the disabled that should be paid by the enterprise shall be included in the "management expenses" account; The rewards received by enterprises that arrange employment for disabled persons in excess of the proportion or make notable achievements in arranging employment for disabled persons shall be included in the "other income" account; If an enterprise fails to pay the employment security fund for the disabled in accordance with the regulations, the late payment penalty paid in accordance with the regulations shall be included in the "non-operating expenses" account.

The first approach:

Borrow: Management Expenses - Disability Benefits.

Credit: bank deposit or cash.

The second approach:

When accruing: borrowing: management expenses.

Credit: Other payables - disability insurance funds.

When paying: on behalf of the reserve: other payables - disability insurance.

Credit: Bank deposits.

Some enterprises will also hire disabled people to provide services for their production, and how should accounting entries be made for the employment security fund for the disabled to protect the rights and interests of the disabled?

Borrow: Management Expenses - Employment Security Fund for Disabled Persons.

Credit: Other payables - employment security funds payable for the disabled.

Borrow: Other payables - Employment security payments payable for persons with disabilities.

Credit: Bank deposits.

What are the other payables?

Other payables refer to the other payables and temporary payments payable and temporarily received by the enterprise except for accounts payable, notes payable, accounts receivable in advance, employee remuneration payable, taxes payable, interest payable, dividends payable and other business activities, including the rent payable for leased packaging materials, deposited deposits, rents payable for operating leased fixed assets, rent for intangible assets, fines, late fees, liquidated damages, etc.

The enterprise shall account for the increase, decrease and balance of other payables through the "other payables" account, and set up detailed accounts according to the items of other payables and the other party unit (individual) for detailed accounting. The credit side of this account registers all kinds of payables and temporary receivables, the borrower registers all kinds of payables and temporary receivables that are repaid or rewritten, and the credit balance at the end of the period reflects other payables payable and unpaid by the enterprise.

What is included in the management fee?

Management expenses are all kinds of expenses incurred by the administrative department of the enterprise for the organization and management of production and business activities, including specific items such as the board of directors and the administrative department of the enterprise in the operation and management of the enterprise, or the company funds, trade union funds, unemployment insurance premiums, board of directors fees, fees for hiring intermediaries, consulting fees, litigation fees, business entertainment expenses, office expenses, travel expenses, postal and telecommunications expenses, greening expenses, management personnel salaries and welfare expenses, etc.

The accounting treatment of the disability security fund is divided into the detailed account of "employment security fund payable for the disabled" under the "other payable" account; The enterprise shall calculate the employment security fund for the disabled that should be paid in accordance with the regulations; If the enterprise fails to pay the employment security fund for the disabled within the time limit, the late fee shall be paid in accordance with the regulations.

1. Enterprises should set up a detailed account of "Employment Security Fund for Disabled Persons Payable" under the account of "other payables".

Foreign-invested enterprises shall set up a detailed account of "Employment Security Funds Payable to Disabled Persons" under the "Other Payables" account to calculate the employment security funds payable by the enterprise for the disabled in accordance with regulations. Before God repents.

2. The enterprise shall calculate the employment security fund for the disabled that should be paid in accordance with the regulations.

The account "Administrative Expenses - Employment Security Fund for Disabled Persons" is debited and the account "Other Payables - Employment Security Fund for Disabled Persons Payable" or "Other Payables - Employment Security Fund Payable to Former Believers with Disabilities" account is credited; In fact, when it is paid, it is debited "other contributions due - employment security funds for the disabled".

3. If the enterprise fails to pay the employment security fund for the disabled within the time limit, the late fee shall be paid according to the regulations.

The Non-Operating Expenses account is debited and the Bank Deposits account is credited. You can also replace the Other Payables account with the Tax Payable ledger account.

Definition of Collateral

According to the regulations, in order to protect the interests of the insured, the insurance company has enough financial ability to deal with the huge compensation that can occur in the game, so it is a kind of reserve **.