The financial system of the social insurance fund of the social insurance fund

<> social insurance premiums are mainly calculated through financial subjects such as "employee remuneration payable - social insurance premiums" and "other payables - social insurance premiums", and their costs are included in production costs, manufacturing expenses, management expenses, sales expenses, projects under construction, research and development expenditures according to the subordinate departments.

Social insurance premiums refer to the fees paid by employees and employers to the social insurance administration in accordance with the prescribed amount and time limit in the process of raising social insurance, and it is the most important part of social insurance. The social insurance paid by the enterprise for the employee reputation digger is divided into two parts: individual payment and enterprise co-ordination, of which the individual social insurance part should be withheld and paid by the enterprise, and calculated through the subjects of "employee remuneration payable - social insurance premiums" and "other payables - social insurance premiums".

The social insurance expenses incurred by public institutions can be accounted for through the accounts of "employee remuneration payable" and "business expenditure".

How to make accounts for social insurance in public institutions?

1. At the time of accrual:

Borrow: Business Expenses - Basic Expenses - Wages.

Credit: Employee Compensation Payable - Wages.

Employee Remuneration Payable - Social Security (Personal Component).

2. When paying employees' wages:

Borrow: Employee remuneration payable - wages.

Credit: Bank deposits.

3. When paying social security:

Borrow: Employee Remuneration Payable - Social Security (Personal Part).

Expenses for business activities (this is the part of the social security unit that is paid).

Credit: Bank deposits.

The part of the social security unit paid by the closed business unit does not need to be accrued, and it can be included in the "business activity expenses" account at the time of payment.

The expenses of business activities refer to the expenses incurred in the performance of duties or professional business activities and auxiliary activities in accordance with the law, and the expenses incurred in accounting for the performance of duties or professional business activities and auxiliary activities in order to achieve its functional objectives.

What are business expenses?

Business expenditure refers to the actual expenditure incurred by public institutions in carrying out various professional business activities and their auxiliary activities. Including basic salary, subsidized salary, other wages, employee welfare expenses, social security expenses, grants, official expenses, operating expenses, business entertainment expenses, equipment purchase costs, repair costs and other expenses.

According to the nature of expenditure, it is divided into recurrent expenditure and special expenditure.

According to the requirements of the departmental budget, it is divided into basic expenditure and project expenditure.

According to the nature of different businesses, it is divided into three categories: financial subsidy expenditure, non-financial special fund expenditure and other capital expenditure.

Legal Analysis: It is applicable to social insurance such as basic pension insurance for enterprise employees, unemployment insurance**, and basic medical insurance for urban employees** handled by social insurance agencies in China.

Legal basis: Article 2 of the "Social Insurance ** Financial Jujube System": This system applies to the basic pension insurance for enterprise employees (hereinafter referred to as "basic pension insurance**"), unemployment insurance and dismantling insurance**, and basic medical insurance for urban employees (hereinafter referred to as "basic medical insurance**") handled by social insurance agencies within the territory of the People's Republic of China (hereinafter referred to as "handling agencies").

<> during the Spring Festival, the reimbursement of employees' travel expenses is the accounting subject of "employee remuneration payable", which belongs to the liability category, and the subjects involved in the accounting are bank deposits, cash, management expenses, current year's profits and other subjects.

Reimbursement of travel expenses during the Spring Festival.

1.Employees report and sell tickets for the Spring Festival.

Credit: Employee Compensation Payable - Employee Benefits.

2.The company pays for the New Year's ticket.

Borrow: Employee Compensation Payable - Employee Benefits.

Credit: Bank deposits or cash in hand.

3.The profit for the year is carried forward at the end of the period.

Borrow: Profit for the current year.

Liabilities account processing.

Liabilities are used to reflect the increase and decrease of financial liabilities, and liabilities can generally be divided into two categories: current liabilities and long-term liabilities according to liquidity. Among them, the remuneration payable to employees is a liability account, the amount of expenditure payable to employees is recorded on the debit side, and the amount of accrual amount payable to employees is registered on the credit side.

What are the management fees.

The various expenses incurred by the administrative department of the enterprise for the organization and management of production and business activities are called management expenses. Management expenses include the company's funds, trade union funds, unemployment insurance premiums, labor insurance premiums, board fees, etc., which should be borne by the enterprise, because the management expenses belong to the period expenses, so the losses or interests of the current period are all included in the current period, and the various management expenses incurred by the enterprise are registered on the debit side, and the management expenses transferred to the "profit of the year" account at the end of the period are registered on the credit side, and there is no balance in the account after the carry-over.

What is cash on hand.

Cash in hand belongs to the asset account, the debit side registers the increased amount, the credit side registers the reduced amount, the closing balance is mostly on the debit side, generally managed by the cashier, there is a certain limit on cash in hand, and the specific withdrawal limit is determined by the bank according to the actual situation of the enterprise.

The advantage of double-entry accounting vouchers is that they can clarify the correspondence of accounting subjects, which is conducive to reflecting the overall picture of economic business and the trend of capital movement, and reduces the number of accounting vouchers to facilitate the inquiry of accounts, but its disadvantage is that it is not convenient to summarize and calculate the amount of each accounting account, and it is not convenient for the division of labor and bookkeeping of accounting.

Double-entry accounting vouchers, also known as multi-account accounting vouchers, are one of the types of accounting vouchers that must be registered in two or more relevant accounts in the same amount for any economic business of the enterprise, and the various accounting subjects that should be debited and credited are filled in in a centralized manner.

Legal analysis: The financial system of social insurance is a system formulated by the Ministry of Finance and the Ministry of Labor and Social Security in accordance with the relevant laws and regulations of the state on social insurance in order to standardize the financial behavior of social insurance agencies, strengthen the management of social insurance, and safeguard the legitimate rights and interests of insurance objects. The financial system of social insurance is applicable to the basic pension insurance**, unemployment insurance**, basic medical insurance for urban employees** and other social insurance** handled by social insurance agencies within the territory of the People's Republic of China.

Legal basis: Labor Law of the People's Republic of China

Article 70 The State shall develop social insurance, establish a social insurance system, and establish social insurance** so that workers can receive assistance and compensation in the event of old age, illness, work-related injury, unemployment, childbirth, etc.

Article 71: The level of social insurance shall be commensurate with the level of social and economic development and social affordability.

Article 72 Social insurance** shall determine the funds according to the type of insurance**, and gradually implement social pooling. Employers and workers must participate in social insurance and pay social insurance premiums in accordance with the law.

Legal Analysis: 1. **Financial management includes the following tasks:

1) Implement national laws, regulations, guidelines and policies, raise and use them in accordance with the law, and ensure that all receivables and social insurance benefits are paid in full and on time;

2) Reasonably prepare the first budget, strengthen the implementation of the revenue and expenditure budget, strictly prepare the first final accounts, and truly and accurately reflect the implementation of the budget;

3) Improve the financial management system, strengthen the accounting analysis, actively and steadily carry out the investment and operation of basic pension insurance, and realize the preservation and appreciation of value;

4) Strengthen financial supervision and internal control to ensure safe, complete and sustainable operation.

2. The financial management and accounting of social insurance generally adopt the cash system, and the accrual system is adopted for some economic operations or matters such as entrusted investment of basic pension insurance.

3. It is included in the special financial account of social security (hereinafter referred to as the special financial account), and the management of "two lines of revenue and expenditure" is implemented. **According to the type of insurance and different systems, separate accounts, separate accounting, separate interest, special funds. ** They shall not be crowded out and adjusted by each other, shall not be invested in Yunxiao Xiangying in violation of regulations, and shall not be used to balance the general public budget.

4. The financial department, the social insurance administrative department (the health and family planning department is responsible for the management of the new rural cooperative medical care and the combined implementation of the basic medical insurance for urban and rural residents, for the health and family planning department, the same below) and the social insurance agency (hereinafter referred to as the "agency") in accordance with their respective responsibilities and division of labor, strengthen the management and supervision of social insurance, gradually realize the sharing of financial information between departments, and promote the scientific and standardized management.

Legal basis: Social Insurance Law of the People's Republic of China

Article 2: The State shall establish social insurance systems such as basic endowment insurance, basic medical insurance, work-related injury insurance, unemployment insurance, and maternity insurance, to protect citizens' right to receive material assistance from the State and society in accordance with law in the event of old age, illness, work-related injury, unemployment, childbirth, and so forth.

Article 3: The social insurance system adheres to the principles of wide coverage, basic protection, multi-level, and sustainability, and the level of social insurance shall be commensurate with the level of economic and social development.

Article 4 Employers and individuals within the territory of the People's Republic of China who pay social insurance premiums in accordance with law have the right to inquire about payment records and records of individual rights and interests, and to request social insurance agencies to provide social insurance consultation and other related services. Individuals enjoy social insurance benefits in accordance with the law, and have the right to supervise their own units' contributions for them.

Article 5: The people at or above the county level shall include social insurance undertakings in their national economic and social development plans. The state raises social insurance funds through multiple channels. The people at or above the county level shall give necessary financial support to the social insurance undertakings.

The state supports social insurance through preferential tax policies.

Legal Analysis: The Accounting System is applicable to the social insurance ** handled by the social insurance agency (hereinafter referred to as the handling agency), including the basic endowment insurance for enterprise employees**, the basic endowment insurance for urban and rural residents**, the basic endowment insurance for government agencies and institutions**, the basic medical insurance for employees**, and the basic medical insurance for urban and rural residents** (including basic medical insurance for urban residents** and new rural cooperative medical care**) established in accordance with the Social Insurance Law of the People's Republic of China , the combined implementation of basic medical care for urban and rural residents, work-related injury insurance, unemployment insurance, maternity insurance, maternity insurance (maternity insurance and basic medical insurance for employees are implemented in the overall planning of Nayan District, and maternity insurance is no longer listed separately).

Legal basis: Social Insurance ** Accounting System".

Article 1 This system is formulated in accordance with the relevant laws and regulations of the State on social insurance in order to standardize the financial behavior of social insurance agencies, strengthen the management of social insurance, and safeguard the legitimate rights and interests of insurance recipients.

Article 2 This system applies to the basic pension insurance** (hereinafter referred to as "basic endowment insurance**"), unemployment insurance**, basic medical insurance for urban employees** (hereinafter referred to as "basic medical insurance**") and other social insurance ** handled by social insurance agencies within the territory of the People's Republic of China (hereinafter referred to as "handling agencies").

Article 3 The term "social insurance" (hereinafter referred to as "**") in this system refers to the special funds raised by the payment unit and the individual according to a certain proportion of the payment base and other legal means in order to protect the social insurance benefits of the insurance object.

Article 4 The task of financial management is: to conscientiously implement the relevant national laws, regulations and guidelines, policies, and to plan and use them in accordance with the law; Establish and improve the financial management system, strive to do a good job in planning, control, accounting, analysis and assessment, and truthfully reflect the income and expenditure situation; Strictly abide by financial discipline, strengthen supervision and inspection, and ensure the safety of the best.

Article 5 In order to ensure the timely and full collection and payment of the first amount, the tax authorities and the handling agencies have the right to require the paying units to truthfully provide the original information and data related to social insurance, such as employment information, wage schedules, financial statements, etc., according to the needs of their work.

Article 6 ** into a separate social security ** special financial account (hereinafter referred to as the "special financial account"), the implementation of two lines of revenue and expenditure management, special funds for special purposes, no region, department, unit or individual may be crowded, misappropriated, nor used to balance the budget.