Finance OR Personnel Pay Employees Salary?

Personnel is responsible for recruitment, social security, attendance, evaluation, training, labor insurance supplies and wages, etc.! Each company is customized!

Finance is responsible for making employee salary cards, entrusting the bank to issue the salary table (the table includes: name, card number and amount), paying wages to the bank, and filing individual income tax!

1.The cashier should go to the bank to apply for a new salary card (card or passbook for convenience) with a copy of the new employee's ID card.

2.Employees are not allowed to entrust payroll to other cards (for example, the opening bank is CCB, and employees want to issue payroll to ICBC, Bank of China card, etc.), but only to any card of the payroll bank opened by the employee (there are too many cards in large banks).

Paying wages involves money, of course, the cashier's business! The responsibilities of human resources are: recruiting employees and managing attendance. Wages are calculated by the cashier!

Labor and management are approved by personnel, that is to say, the salary payable per person is determined by personnel, and the finance is after receiving the salary table of personnel, according to some specific circumstances, the deduction to be deducted is to be supplemented, that is to say, the actual salary is determined by finance. The finance department makes the final salary schedule, plus each person's card number, and it is OK to hand it over to the bank

The payroll is made by the HR department, and the HR department takes it to the CEO for approval. And the approved payroll will be handed over to the financial department, which will be responsible for the distribution.

As for the bank card, because the bank card requires a personal ID card, employees are generally asked to go to the opening bank to apply for a passbook, and after the account is completed, the account number is reported to the financial department.

If there are many employees, the company may do it in a unified manner, then let the personnel department do it, after all, he is in charge of personnel. Let him collect the ID card uniformly, issue it uniformly, and then report the account number to the finance department.

The financial payroll method is as follows:

1. The entrusting unit shall apply to the bank, and after signing the agency payment agreement with the bank, it shall provide the bank with the details of the salary payment, the valid identity document of the account holder and the funds issued on behalf of the bank;

2. After the bank accepts the entrustment, it will open a personal settlement account for the customer according to the information provided by the entrusting unit to establish a distribution relationship;

3. The entrusting unit is responsible for the authenticity of the account opening information. The enterprise converts the pre-prepared salary statement into a payroll document through the tools provided by the bank; The enterprise uploads this document to the bank host through the corporate online banking to complete the issuance;

4. If the enterprise does not open online banking, it will send the payroll documents to the bank, and the bank staff will upload them to the bank host to complete the payment.

The company looked for a bank as a payroll bank, signed a payroll agreement with the bank, and applied for bank cards for employees in batches. When the monthly salary is paid, the company's finance will hand over the data to the bank. If the company opens a basic account directly with the issuing bank, the bank will transfer the salary to each payroll card in batches according to the data received.

If the company's basic account is not in the issuing bank, the company's finance should transfer the funds to the designated account of the issuing bank, and the bank will transfer the salary to each payroll card in batches according to the received data after the money arrives.

[Legal basis].Article 6 of the Interim Provisions on Payment of Wages.

The employer shall pay the wages to the employee. If the worker is unable to receive wages for any reason, his relatives or entrusting others to collect the wages on his or her behalf.

The employer may entrust the bank to pay the wages on behalf of the employer.

The employer must keep a written record of the amount and time of payment of the employee's wages, the name and signature of the recipient, and keep it for at least two years for future reference. When paying wages, the employer shall provide the employee with a list of his or her personal wages.

Legal analysis: For the payment of wages, the attachment to the voucher is the payment approval form and the salary table signed by the employee (recipient).

Legal basis: Labor Contract Law of the People's Republic of China Article 10 A written labor contract shall be concluded to establish a labor relationship. If a labor relationship has been established and a written labor contract has not been concluded with the company, a written labor contract shall be concluded within one month from the date of employment.

If the employer and the employee conclude a labor contract before employment, the employment relationship shall be established from the date of employment.

Article 11 Where an employer fails to conclude a written labor contract at the same time as employing the workers, and the labor remuneration agreed upon with the workers is not clear, the labor remuneration of the newly recruited workers shall be implemented in accordance with the standards stipulated in the collective contract; Where there is no collective contract or the collective contract does not provide for it, equal pay for equal work shall be implemented.

Article 12 Labor contracts are divided into fixed-term labor contracts, indefinite-term labor contracts and labor contracts with a period of completion of certain work tasks.

Financial payroll typically involves the following steps:

1.Calculate wages: Calculate employees' wages based on factors such as working hours, job positions, and performance. This process requires accurate calculations based on the company's payroll policies and relevant regulations.

2.Tax deduction and social security contributions: Appropriate personal income tax and social insurance contributions are deducted from employees' salaries in accordance with national and regional tax laws. These deductions are usually calculated based on the employee's salary level and tax rate.

3.Payslip issuance and tax return: Rollsou generates payslips for each employee, and the eldest grandson calendar records details such as salary structure, payable amount, deduction items, etc. At the same time, the corresponding lead information will be submitted to the tax department to fulfill the tax declaration obligations.

4.Choose a payment method: Choose the appropriate salary payment method according to the company's payment policy and the employee's requirements. Common payment methods include bank transfer, cash payment, electronic payment, etc.

5.Payroll: Transfer or pay employees their wages based on a set payroll date. This often requires working with a bank or payment institution and ensuring the correct amount and account.

It's important to note that payroll involves important factors such as personal privacy and financial security, so it's crucial to ensure the security and confidentiality of the payroll process. Companies need to ensure payroll compliance and fairness in accordance with national regulations and company policies. The exact payout process and policies may vary from company to company and region to region, so it's best to refer to your company's payroll policy and check with your finance department for accurate information.

Accrue first, then distribute.

1. Wage accrual (number of wages payable).

Borrow: Manufacturing Expenses – Wages (Production Personnel).

Administrative expenses – salaries (management personnel).

Sales Expense—Payroll (Salesperson).

Credit: Employee Remuneration Payable – Wages.

3. When the salary is actually paid.

Borrow: Employee Remuneration Payable – Wages (Number of Wages Payable).

Credit: cash in hand, bank deposits (actual salary), other payables - pension, medical care, etc. (withholding amount), other payables - housing provident fund (withholding amount), tax payable - individual income tax payable (withholding amount).