Accounting of wages under the new accounting system of public institutions

Under the subject of "Employee Remuneration Payable", there are detailed accounts such as wages, local (departmental) allowances and subsidies, other personal income, social insurance premiums, and housing provident fund. When the unit accrues wages and social insurance premiums, it borrows: business expenses - salary and welfare expenses - basic salary 20,000 performance salary 10,000 social insurance premiums 9,930 credit:

Employee remuneration payable - salary 30000, social insurance 9930 2, when paying wages, borrow: employee remuneration payable - salary 27000 credit: bank deposits, zero balance account amount 27000 3, when paying social insurance premiums, borrow:

Employee remuneration payable - salary 3000, social insurance 9930 credit: bank deposits, zero balance account amount 12930

Under the new system, it is very troublesome to account for these things. Let's take a look at your example:

When the salary is accrued:

Borrow: business expenditure - basic expenditure - financial subsidy expenditure (or non-financial special fund expenditure or other capital expenditure) - salary and welfare expenditure - basic salary 30,000

Credit: Employee Compensation Payable - Salary 30000

When accruing the social security paid by the unit:

Borrow: business expenditure - basic expenditure - financial subsidy expenditure (or non-financial special fund expenditure or other capital expenditure) - salary and welfare expenditure - social insurance 9930

Credit: Employee Compensation Payable - Social Insurance Premiums 9930

When payroll is paid:

Borrow: Employee compensation payable - salary 30000

Credit: Other Payables - Social Insurance - Pension Insurance 2400 Other Payables - Social Insurance - Pension Insurance 600 Tax Payable - Tax Payable.

Bank deposits. When you pay social security:

Borrow: Other payables - social insurance - pension insurance 2400 Other payables - social insurance - pension insurance 600 Employee remuneration payable - social insurance premiums 9930

Credit: Bank deposits.

The burden borne by the unit is also included in the business expenditure.

The Accounting System for Public Institutions is an accounting system formulated by the Ministry of Finance in 1997 in accordance with the Accounting Standards for Public Institutions (for Trial Implementation) in order to enable domestic state-owned institutions to meet the needs of the socialist market economic system. The system has been in force since 1 January 1998. The Ministry of Finance promulgated in 1988 the "Budget Accounting System for Public Institutions and Administrative Units" was abolished at the same time.

In accordance with the Accounting Law of the People's Republic of China, the Accounting Standards for Public Institutions and the Financial Rules for Public Institutions, the Ministry of Finance revised the Accounting System for Public Institutions (Cai Shui Zi No. 1997 288). It will come into force on January 1, 2013. On July 17, 1997, the Ministry of Finance issued the "Accounting System for Public Institutions" (Cai Shui Zi No. 1997 No. 288) and abolished at the same time.

The Accounting Standards for Public Institutions (Cai Shui Zi [2012] No. 72) have been revised and adopted by the Ministry of Finance on December 5, 2012. In accordance with the Accounting Law of the People's Republic of China, the Accounting Standards for Public Institutions and the Financial Rules for Public Institutions, the revised Accounting System for Public Institutions is hereby promulgated and will come into force on January 1, 2013.

The basic salary of public institutions is divided into: post salary and salary scale, of which the post salary is determined by the title or rank, and the salary scale salary is determined by the school time and working time that can be calculated for the length of service.

Composition of the wages of staff of public institutions:

1. Basic salary:

1. Post verification salary: reflect the responsibilities and requirements of the position hired by the staff. It is divided into: professional and technical positions (13 levels), management positions (10 levels) and service skills positions (5 levels), and each post level corresponds to a salary standard.

2. Salary scale: It mainly reflects the work performance and qualifications of the staff. There are 65 pay scales for professional and technical personnel and managers, and 40 pay scales for workers, each corresponding to a wage scale.

2. Performance-based salary: It mainly reflects the actual performance and contribution of the staff. The State shall regulate and control the total amount of performance-based wages in public institutions and provide policy guidance. Public institutions shall independently distribute the total amount of performance-based wages approved in accordance with the standardized procedures and requirements.

3. Allowances and subsidies:

1. Allowance for hardship and remote areas: Appropriate subsidies are given to staff working and living in hardship and remote areas, mainly according to the differences in natural geographical environment and social development. The assessment of hardship and remote areas shall be adjusted every five years according to the development and change situation.

2. Special post allowance subsidy: special post allowance subsidy is implemented for personnel working in hard, dirty, tired, dangerous and other special positions, and the state uniformly formulates the project, standard and implementation scope of special post allowance.

Here are the answers to the questions given about the accounting business:

1) Carry out the following period-end transfer transactions:

a.Borrow: 500,000 yuan of business budget income.

Borrow: 500,000 yuan of subsidy budget income from the higher level.

Borrow: Oki took the affiliated units to hand over the budget revenue of 500,000 yuan.

Borrow: 500,000 yuan of budget revenue from non-same level financial allocation.

Borrow: debt budget income of 500,000.

Borrow: Other budget revenues 500,000.

Credit: 400,000 yuan for business expenses.

Credit: Other expenditures 400,000.

Credit: 400,000 yuan for superior expenses.

Credit: 400,000 yuan of subsidy expenditure for affiliated units.

Credit: Investment expenditure of 400,000.

Credit: Debt repayment expenditure of 400,000.

b.Borrow: Other balances of public institutions 600,000 yuan.

Credit: income carryover of 600,000.

c.Borrow: 500,000 income carryover.

Credit: 500,000 business expenses.

d.Borrow: Dedicated ** 60,000.

Credit: Non-financial appropriation balance of 60,000.

e.Borrow: Non-financial appropriation balance of 8 million.

Credit: Other payables 8 million.

2) No processing is required, the balance is a credit balance that has already been processed in the transfer.

3) Borrow: R&D expenditure of 750,000 yuan.

Credit: Bank deposits of 750,000.

4) Borrow: 650,000 cultural relics and cultural assets.

Credit: 650,000 yuan for public welfare expenditure.

5) Borrow: administrative costs of 10,000 yuan.

Credit: bank deposits million.

6) Debit: Bad debt provision 5,000.

Credit: Withholding account 5,000.

7) Borrow: labor cost of 600,000.

Borrow: withholding personal income tax of 10,000 yuan.

Credit: Bank deposits of 610,000.

8) Borrow: 50,000 yuan of interest on construction in progress.

Credit: Interest on long-term debt 50,000.

9) Borrow: Lease fee of 100,000 yuan.

Credit: Bank deposit of 100,000.

10) Borrow: Donation expenditure of 10 thousand.

Debit: Amortization of intangible assets 500

Credit: Bank deposit 600

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