How to do the entries for the payment of wages

At the time of accrual. Borrow: Production Costs Manufacturing Expenses Management Expenses Sales Expenses 32,000 Credit: Employee Compensation Payable 32,000

At the time of issuance. Borrow: 32,000 employee salaries payable

Credit: Other payables - 500 deductions from employees

Credit: Tax payable - personal income tax payable 100

Credit: Other payables - social security premiums (personal burden) 1000 Credit: cash in hand 30400

When turned in. Borrow: management expenses - social security premiums (part borne by the company) 3000 Borrow: other payables - social security premiums (part borne by individuals) 1000 Borrow: taxes payable - personal income tax payable 100

Credit: Bank deposit 4100

Accrual. Borrow: Administrative Expenses - Salary 32000

Credit: Wages Payable - Wages 30000

Salary payable - bonus 2000

Borrow: Wages payable - wages 500

Credit: Other accounts payable 500

Borrow: Wages payable - wages 100

Credit: Tax payable - individual income tax 100

Borrow: Wages payable - wages 1000

Credit: Wages payable - Social Security 1000

Borrow: Administrative Expenses - Social Security 3000

Credit: Wages payable - Social Security 3000

Payroll. Borrow: Wages payable - wages 28400

Salary payable - bonus 2000

Credit: Cash 30400

Tax. Debit: Tax payable - individual tax 100

Credit: Bank deposit 100

Pay social security. Borrow: Wages payable - Social Security 4000

Credit: Bank deposit 4000

Accrual: Borrow: Administrative expenses (or production costs) - wages (accrual and disbursement are not necessarily equal) Credit: Payable.

When issued: Borrow: 31500 wages payable

The tax payable --- personal income tax 100

Administrative expenses - 3000 for the social security company

Other receivables - personal portion 1000

Credit: Bank Deposit 35600

1. Accrual of wages:

Borrow: cost and expense section hail loss, credit: payable employee remuneration - wages.

2. Withholding of social security expenses borne by individuals:

Borrow: Employee Remuneration Payable - Wages, Credit: Payable Yuanshishen Employee Remuneration - Social Security.

3. Accrual of social security borne by the company:

Borrow: Cost and Expense Account, Credit: Employee Remuneration Payable - Social Security.

4. Payment of social security (including withholding personal and company burdens):

Borrow: Employee Remuneration Payable - Social Security, Credit: Bank Deposits.

5. Payment of wages:

Borrow: Employee Remuneration Payable - Wages, Credit: Bank Deposit and Return Slippage.

Article 7 of the new standard stipulates that the social insurance premiums and housing provident fund paid by an enterprise for its employees, such as medical insurance premiums, work-related injury insurance premiums, maternity insurance premiums, as well as trade union funds and employee education funds withdrawn in accordance with regulations, shall be calculated and determined according to the prescribed basis and proportion of employee remuneration during the accounting period in which the employee provides services to the employee, and the corresponding liabilities shall be recognized and included in the current profit or loss or the cost of relevant assets. This is consistent with the basic content of the original guidelines, although the pension insurance premiums are not listed separately, they should also be included.

1. The enterprise accrues wages.

1.Accrual of wages.

Borrow: Expenses (Management, Sales, etc.) Credit: Employee Remuneration Payable - Wages.

2.Accrual of social security (enterprise part).

Borrow: Expenses (Management, Sales, etc.) Credit: Employee Remuneration Payable - Social Security.

2. Payment of wages.

When payroll is paid:

Borrow: Employee Remuneration Payable - Salary Credit: Employee Remuneration Payable – Social Security (Personal Part) Tax Payable – Individual Income Tax Payable Cash in hand Bank Deposits.

Provision is generally for accounting matters with clear calculation standards and calculation methods, and the provision is generally more certain and will not vary from person to person, such as: endowment insurance, medical insurance, trade union funds, etc.

The payable salary is your aggregate salary that should be paid, without deducting your monthly miscellaneous salary; There should be a corresponding actual salary, which is the actual salary received after deducting your contributions.

Accrual: Borrow: Administrative Expenses - Wages.

sales expenses) construction in progress).

manufacturing expenses) production costs).

Credit: Employee Compensation Payable - Wages.

When disbursed: Borrow: Employee remuneration payable - wages.

Credit: Bank deposits.

Assuming that the personal income tax is 100, the social security is 200, and the actual salary is 1000, when the calculation is made.

Borrow: Administrative expenses (or sales expenses, construction in progress, production costs, manufacturing expenses, etc.) - salary 1300

Credit: Employee remuneration payable --- wages 1000

Employee remuneration payable --- social security personal portion 200

Tax payable --- personal income tax payable 100

At the time of issuance. Borrow: 1000 for employee remuneration --- wages payable: 1000 for bank deposits (or cash in hand).

Payment of social security loans: management expenses (or sales expenses, construction in progress, production costs, manufacturing expenses, etc.) - the part of the social security company The employee remuneration payable --- the social security individual part 200

Credit: Bank deposits.

Pay personal income tax.

Borrow: Tax payable --- personal income tax payable 100 Credit: Bank deposit 100

In addition to reviewing and handling the daily economic business of the enterprise, accountants also have to complete the work of accruing and paying employees' wages, so how to write the accounting entries for the accrual and payment of wages?

1. Accrual of wages and withheld social security provident fund.

Borrow: Production costs (salaries for front-line production workers).

Manufacturing expenses (remuneration of shop floor managers).

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

Selling expenses (compensation of salespeople).

Construction in progress (remuneration of construction in progress).

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

Credit: Compensation payable to employees - wages.

Other payables - endowment, medical care, etc. (unit part of the talk).

Other payables – Housing Provident Fund (unit part).

2. When paying wages:

Borrow: Employee remuneration payable - wages.

Credit: Bank deposits.

Other payables – endowment, medical care, etc. (personal part).

Other payables – Housing Provident Fund (personal component).

Tax Payable – Individual income tax payable.

3. When paying five insurances and one housing fund and individual income tax:

Borrow: other payables - endowment, medical care, etc.

Other payables – Housing Provident Fund.

Tax Payable – Individual income tax payable.

Credit: Bank deposits.

What are the selling fees?

Sales expenses are expenses related to the activities of enterprise sellers, but do not include the cost of selling goods and labor costs, which belong to the cost of main business. Enterprises should account for the occurrence and carry-over of sales expenses through the "sales expenses" account. The sales expenses incurred by the debit registration enterprise of this account shall be transferred to the "Profit of the Year" account at the end of the credit registration period, and there shall be no balance in the "Sales Expenses" account after the carry-over.

The "Selling Expenses" account should be itemized by the expense items of the selling expenses.

The employer shall, in accordance with the relevant provisions of the state and the agreement between the parties to the labor relationship, pay the employee the corresponding salary in the form of money. How should an employer make accounting entries when accruing and paying wages?

Accounting entries for the accrual of wages.

1. When calculating wages.

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

Credit: Employee Compensation Payable - Wages.

2. Accrual of social security (the part of the enterprise, that is, the part borne by the enterprise itself).

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

Credit: Employee Compensation Payable - Social Security.

Accounting entries when payroll is paid in the following month.

1. When paying wages.

Borrow: Employee remuneration payable - wages.

Credit: Employee Remuneration Payable - Social Security (Social Security for the Employee's Personal Part).

Tax Payable – Individual income tax payable.

Cash on hand Bank deposits.

What is Employee Compensation Payable?

It refers to various forms of remuneration or compensation given by enterprises to obtain services provided by employees or terminate labor relations. Employee compensation includes short-term salary, post-employment benefits, severance benefits and other long-term employee benefits. The benefits provided by an enterprise to an employee's spouse, children, dependents, survivors and other beneficiaries of the deceased employee are also considered employee remuneration.

What is Personal Income Tax?

It is a general term for the legal norms that regulate the social relations between the taxation authorities and natural persons in the process of collecting and managing individual income tax.

Taxpayers of individual income tax include both resident taxpayers and non-resident taxpayers. Resident taxpayers have the obligation to pay full taxes and must pay individual income tax on all their income within and outside China; Non-resident taxpayers are only subject to individual income tax on their income in China.