Is overtime pay included in the salary in accounting?

1. Overtime pay is included in the salary in accounting.

2. Overtime pay refers to the labor remuneration obtained by the worker for continuing to produce labor or work beyond the specified working hours according to the needs of the employer's production and work. Workers who work overtime, work longer hours, and increase the amount of work they work should be paid reasonably. For workers, overtime pay is a form of compensation for excessive work; For employers, paying overtime pay can effectively inhibit employers from arbitrarily extending working hours and protect the legitimate rights and interests of employees.

According to the Labor Law and the relevant provisions of the state, the employer shall pay the employee a salary higher than the employee's normal working hours wage, i.e., overtime pay, if the working hours are extended.

Overtime pay needs to be included in wages.

The perfect accounting entries are roughly as follows:

Borrow: Management - Employee Compensation (Other Costs of the latter) Credit: Employee Compensation Payable - Employee Salary.

Borrow: Employee Compensation Payable - Employee Salary.

Credit: Cash (or bank deposits).

Overtime pay is also a salary and should be included in wages.

1. When accruing:

Borrow: Operating expenses - wages (or "administrative expenses - wages") 20700 Credit: Wages payable 20700

2. When it is issued:

Borrow: wages payable 20,700

Credit: Cash 20700

Wages include overtime pay, which can be seen from Article 4 of the Provisions on the Composition of Total Wages, which states that "total wages consist of the following six components:

1) Hourly wages;

2) piece-rate wages;

c) bonuses; iv) allowances and subsidies;

5) Overtime wages;

vi) wages paid in exceptional circumstances".

Wages should be included, but it is better to separate them from wages when they are recorded for greater clarity.

Overtime pay should be included in your salary, and you should make the correct entries.

It will be included in the salary and will participate in the deduction of individual income tax.

Borrow: Employee compensation payable - salary 20000

Employee compensation payable - overtime pay 700

Credit: Cash on hand 20700

This is the latest account name that came into effect in January 2007.

Yes. Article 44 of the Labor Law stipulates that under any of the following circumstances, the employer shall pay the employee a wage higher than the wage for normal working hours according to the following standards:

1) Where a worker is arranged to work longer hours, a wage remuneration of not less than 150 percent of the wage shall be paid;

2) If a worker is assigned to work on a rest day and cannot be arranged for a compensatory holiday, a wage remuneration of not less than 200 percent of the wage shall be paid; (3) Where a worker is assigned to work on a statutory holiday, he or she shall be paid a wage remuneration of not less than 300 percent of his wages.

If an employer arranges for an employee to work overtime but fails to pay overtime wages in accordance with the above-mentioned provisions of the Labor Law, it is an illegal act and shall bear legal liability in accordance with the law.

Legal analysis: The salary contains overtime pay, but the overtime pay is calculated separately, not the actual salary signed by the labor contract, it is another kind of labor remuneration, and the salary is added to it.

Legal basis: Labor Law of the People's Republic of China Article 44 In any of the following circumstances, the employer shall pay the employee a wage remuneration higher than the wage for normal working hours according to the following standards: (1) If the employee is arranged to work longer hours, the employer shall pay a wage remuneration of not less than 150% of the wage; (2) Where a worker is assigned to work on a rest day and cannot be compensated for a day off, a wage difference of not less than 200 percent of the wage shall be paid; (3) Where a worker is assigned to work on a statutory holiday, he or she shall be paid a wage remuneration of not less than 300 percent of his wages.

Overtime pay is included in the employee's salary. Overtime pay is one of the components of gross wages. However, overtime pay is different from basic wage, and the employer needs to pay additional overtime pay according to law after the employee works overtime.

1. Whether the company has the right to take employees off at will.

The company has the right to take employees off at will, and after arranging overtime for employees, the company must arrange for compensatory leave within half a year, or pay overtime pay. If the company does not pay the employee on time for leave or overtime, the overtime pay must be paid after half a year. The employer has the right to arrange the compensatory leave without negotiating with the employee if the statutory working hours (8 hours per day, 40 hours per week) are exceeded, but if the statutory working hours are exceeded, it will be deemed to be arranging overtime and must be agreed with the employee.

Second, May 1 counts a few days of overtime pay.

In 2020, a few days off on May Day will be counted as a few days of overtime pay. Among them, as long as the employee works overtime on May 1, the standard of overtime pay shall be calculated at three times the salary of Jingsan Mengzhao; If the employee works overtime from May 2 to May 5 and does not take any leave afterwards, the employer shall pay the employee overtime pay equal to twice the wage. If the organization organizes compensatory leave afterwards, there is no need to pay overtime pay.

3. Does the salary include five insurances and one housing fund?

The basic salary of the worker does not include five social insurances and one housing fund. Gross wages are made up of the following six components: allowances and subsidies; Piece; hourly wages; Bonus; overtime pay; Wages paid in exceptional circumstances.

The basic salary of an employee is calculated according to the wage standard stipulated in the labor contract or the rules and regulations of the state and the enterprise.

Article 4 of the Provisions on the Composition of Total Wages.

Gross salary is made up of the following six components:

1) Hourly wages;

2) piece-rate wages;

c) bonuses; iv) allowances and subsidies;

5) Overtime and lighting up the bridge salary;

6) Wages paid under special circumstances.

Article 5. Hourly wage refers to the remuneration paid to individuals according to the hourly wage standard (including the regional living expenses subsidy) and working hours. Includes:

1) Wages paid according to the hourly wage standard for the work done;

2) The basic salary and post (post) salary paid to employees by the unit implementing the structural wage system;

3) the apprenticeship salary (living expenses of the apprentice) for new employees;

4) Sports allowance for athletes.

Legal Analysis: There is overtime pay. As long as the working hours are extended, there must be overtime pay, and overtime pay will be calculated according to different situations; At the same time, it is necessary to consult with the employee before working overtime, and if the employee does not agree, it cannot be forced.

Legal basis: Labor Law of the People's Republic of China Article 44 In any of the following circumstances, the employer shall pay wages and remunerations higher than the wages of the workers for normal working hours in accordance with the following standards: (1) if the workers are arranged to work longer hours, they shall pay wages and remunerations not less than 150% of the wages of Jing Ming; (2) Where a laborer-type worker is arranged to work on a rest day and cannot arrange a compensatory break, a wage remuneration of not less than 200 percent of the salary shall be paid; (3) Where a worker is assigned to work on a statutory holiday, he or she shall be paid a wage remuneration of not less than 300 percent of his wages.

Legal Analysis Envy Ago:

Overtime pay is included in the salary, but the overtime pay is calculated separately and is not based on the actual wage signed in the labor contract, it is another kind of labor remuneration, and the salary is added to it.

Legal basis: Labor Law of the People's Republic of China Article 44 In any of the following circumstances, the employer shall pay the employee a wage remuneration higher than the wage for normal working hours according to the following standards: (1) If the employee is arranged to work longer hours, the employee shall be paid a wage remuneration of not less than 150% of the wage; 2) If a worker is assigned to work on a rest day and cannot be arranged for a compensatory holiday, a wage remuneration of not less than 200 percent of the wage shall be paid; (3) Where a worker is assigned to work on a statutory holiday, he or she shall be paid a wage remuneration of not less than 300 percent of his wages.

Overtime is included in the salary. Overtime is one of the components of wages. However, it should be noted that the overtime salary is not agreed in the contract, that is, the salary agreed in the contract does not include overtime pay, and overtime needs to be paid additionally.

[Legal basis].Article 4 of the Provisions on the Composition of Total Wages.

Gross salary is made up of the following six components:

1) Hourly wages;

2) piece-rate wages;

c) bonuses; iv) allowances and subsidies;

5) Overtime wages;

6) Wages paid under special circumstances.

Article 5. Hourly wage refers to the labor remuneration paid to individual employees according to the hourly wage standard (including the regional living cost subsidy) and working hours. Includes:

1) Wages paid according to the hourly wage standard for the work done;

2) The basic salary and post (post) salary paid to employees by the unit implementing the structural wage system;

the apprenticeship salary (living expenses of the apprentices) for the new employees who participate in the work of Piyin;

4) Sports allowance for athletes.

The salary does not include the extra year's allowance. When calculating wages, if you work overtime, the money will be added to your salary. However, when calculating, overtime pay is calculated separately and is not mixed with wages. Hall late.

This is not necessarily, some places will include overtime pay, and some places may not pay overtime pay. You have to make up your mind according to your work situation. There are many places where the rules and regulations are different, but most salaries will include overtime pay.