How do intermediaries pay social security fees?

Enterprises should pay social security for employees, and corporate financial personnel should also withhold and remit the part paid by social security individuals when extracting and paying monthly wages. However, what kind of accounting treatment should be carried out to pay social security fees through intermediary companies? How to write specific accounting entries?

The payment of social security is divided into individual commitment and enterprise commitment. The part paid by social security enterprises is included in the accounting of employees' salary payable, and the personal part of social security is included in other accounts payable.

Social security funds received:

Debit: cash on hand/bank deposit.

Loans: other payables-collecting and remitting social security.

When the labor dispatch company issues an invoice for remittance:

Debit: other payables-collecting and remitting social security.

Loan: bank deposit/cash on hand.

Attachment: Accounting Treatment of Social Security Withdrawal

1, salary distribution

Debit: management expenses/sales expenses

Loan: wages payable to employees.

2. Providing social security (enterprise part)

Debit: management expenses/sales expenses

Loans: Payables-Social Security

3. When you get paid next month.

Debit: Payables-Wages

Loans: other payables (part borne by employees)

Taxes payable-personal income tax

Cash on hand/bank deposit

4. Pay social security

Borrow: Payable to employees-social security (part undertaken by enterprises)

Other payables (personal part)

Credit: cash on hand/bank deposit.

Step 5 hand in personal income

Borrow: Taxes payable-personal income tax

Loans: bank deposits