(i) Employee salaries, bonuses, allowances and subsidies
(ii) Employee benefits
(iii) Social insurance
Complimentary iv) Housing provident fund
(v) Labor union expenses and employee education expenses
(vi) Non-monetary benefits
(vii) Termination benefits
(viii) Share Payments
What is included in employee compensation in administrative expenses
1 According to "Accounting Standard for Business Enterprises (ASBE) No. 9 - Employee Compensation", employee compensation includes:
(1) Employee salaries, bonuses, allowances and subsidies;
(2) Employee welfare expenses;
(3) social insurance premiums such as medical insurance premiums, pension insurance premiums, unemployment insurance premiums, work injury insurance premiums and maternity insurance premiums;
(4) housing provident fund;
(5) labor union expenses and employee education expenses;
(6) non-monetary benefits;
(7) compensation for the termination of the labor relationship with the employee;
( (8) Other expenses related to obtaining services provided by employees.
2 Employee compensation refers to all forms of remuneration and other related expenditures given by an enterprise to obtain services provided by employees, including all monetary compensation and non-monetary benefits provided to employees during their employment, and after their termination of employment. The benefits provided by the enterprise to the employee's spouse, children or other dependents also belong to employee compensation.
What is included in employee remuneration
Employee remuneration includes:
(1) Employee wages, bonuses, allowances and subsidies;
(2) Employee welfare expenses;
(3) Social insurance premiums such as medical insurance premiums, pension insurance premiums, unemployment insurance premiums, work-related injury premiums, and maternity insurance premiums;
(4) Housing provident fund;
(5) Labor union expenses and employee education expenses;
(6) Non-monetary benefits;
(7) Compensation given for the termination of the labor relationship with the employee;
(8) Other expenditures related to the acquisition of services provided by the employee.
What are the components of employee compensation?
Accounting Standards for Small Businesses - Accounting Items
2211 Employee Remuneration Payable
I. This account accounts for all kinds of remuneration payable by a small business to its employees in accordance with relevant regulations.
Small enterprises (foreign-invested) in accordance with the provisions of the employee incentives and welfare funds from the net profit, also accounted for through this account.
Second, this account should be in accordance with the "wages", "bonuses, allowances and subsidies", "employee welfare costs", "social insurance premiums", "social insurance premiums", "social insurance premiums", "social insurance premiums", "social insurance premiums", "social insurance premiums" and "social insurance premiums". Social insurance premiums", "housing fund", "labor union funds", "employee education expenses", "non-monetary benefits", "non-monetary benefits", "labor union funds", "employee education expenses", "non-monetary benefits", "non-monetary benefits" and "non-monetary benefits". Non-monetary benefits", "termination benefits" and so on for detailed accounting.
Third, the main accounts of employee compensation payable.
(a) At the end of the month, the small business should be differentiated between the following cases of employee compensation for distribution:
1. Production department (providing labor) staff compensation, debit "production costs", "manufacturing costs" and other subjects, credit account. The credit should be credited to the account.
2. Employee compensation should be borne by the construction in progress, intangible asset development projects, debit "construction in progress", "research and development expenditures" and other subjects, credit account.
3. Employee compensation for management staff and compensation for the termination of labor relations with employees are debited to the "administrative expenses" account and credited to the account.
4. Employee compensation of sales staff, debit the "selling expenses" account, credit the account.
(b) small businesses should distinguish between the following cases of employee compensation:
1. Payment of wages, bonuses, allowances, benefits to employees, etc., deducted from the payable compensation of employees in a variety of payments (advances on behalf of family members of the medication, personal income tax, etc.), etc., debit this account, credit "cash in hand "Bank deposits", "Other receivables", "Taxes payable - Individual income tax payable "The following is a summary of the results of the study.
2. Payment of labor union funds and employee education funds for labor union activities and employee training, debit this account, credit "bank deposits" and other accounts.
3. Payment of social insurance premiums and housing provident fund in accordance with the relevant provisions of the state, debit this account, credit the "bank deposits" account.
4. The self-produced products issued to employees, according to its sales price, debit this account, credit the "main business income" account; at the same time, the cost of finished products should be carried forward. Involving VAT sales tax, should also carry out the corresponding accounting treatment.
5. Payment of compensation to employees for the termination of labor relations with employees, debit this account, credit "cash on hand", "bank deposits" and other subjects.
Fourth, the closing credit balance of this account, reflecting the unpaid employee compensation payable by the small business.
What is included in the total amount of employee compensation
The total amount of employee wages refers to the total amount of labor compensation paid directly to all employees of the employer in a certain period of time. Generally consists of: hourly wages, piecework wages, bonuses, allowances and subsidies, benefits, overtime and overtime wages, wages paid under special circumstances. Employer paid to the employee's labor compensation, regardless of its source of funding, payment form, cost of the channels, whether or not the cost, whether or not the state income tax, should be included in the calculation of the total amount of wages.
The total wages of enterprise units should be calculated according to the principle of the total wages of employees for statistical purposes, generally including: job wages, skill wages, basic wages, seniority wages, various allowances, subsidies, bonuses, etc. In view of the current wage project is not uniform, the employer actually sent to the unit of the workers belonging to the nature of the wage items are included in the total wages.
The following incomes of workers are not included in the scope of wages: 1) social insurance and welfare expenses paid by the employer to individual workers, such as living hardship allowance, family planning allowance, etc.; 2) labor protection expenses, such as working clothes paid by the employer to the workers; 3) all kinds of labor remuneration and other labor incomes not included in the gross wages according to the regulations, such as awards for creativity and invention issued according to the state regulations. Creation and invention awards, etc.
What is included in the accounting of payable employee remuneration
Payable employee remuneration is a variety of remuneration payable to employees in accordance with the relevant provisions of the enterprise, in accordance with the "wages, bonuses, allowances, subsidies", "employee benefits", "social insurance premiums", "housing provident fund", "trade union funds", "employee education expenses", "compensation for the termination of the employee's labor relations", "non-monetary benefits", "other non-monetary benefits", "non-monetary benefits" and "other benefits. The Company accounts for employee compensation payable items such as "labor union expenses", "employee education expenses", "compensation for termination of employee labor relations", "non-monetary benefits", and "other expenses related to services rendered by employees" in a detailed manner.
What is included in employee welfare expenses
Ministry of Finance on the enterprise to strengthen the financial management of employee welfare expenses notice "(Caiqi [2009] No. 242): First, the enterprise employee welfare expenses refers to the enterprise for the employees in addition to the employee's wages, bonuses, allowances, subsidies included in the management of the total amount of wages, employee education expenses, social insurance premiums and supplemental pension insurance premiums (annuity), Supplementary medical insurance premiums and housing provident fund, including the following cash subsidies and non-monetary collective benefits issued or paid to or on behalf of employees subsidies, employee convalescence expenses, subsidies for self-operated employee canteens or expenditures for uniformly supplied lunches in unoperated employee canteens, subsidies for heating costs in accordance with the relevant national financial regulations, and expenses for preventing heatstroke and cooling, etc.? (ii) Equipment, facilities and personnel expenses incurred by an enterprise's internal collective welfare departments that have not yet been separated, including depreciation, repair and maintenance expenses of equipment and facilities of collective welfare departments such as staff canteens, staff bathrooms, barber shops, medical clinics, nurseries, nursing homes and collective dormitories, as well as labor expenses such as wages and salaries of staff members of the collective welfare departments, social insurance premiums, housing provident funds, and labor costs. (iii) Employee hardship assistance, or the expenditure of funds established and managed by the enterprise in a coordinated manner specifically for the purpose of assisting and relieving employees in difficulty. (d) Non-coordinated expenses for retired employees, including medical expenses for retired employees and other non-coordinated expenses for retired employees. Extra-integrated costs of retired personnel involved in enterprise reorganization shall be implemented in accordance with the Circular of the Ministry of Finance on Financial Management Issues of Employee Resettlement Costs Related to Enterprise Reorganization (Caiqi [2009] No. 117). Where the State provides otherwise, it shall follow its regulations. (e) Other employee welfare expenses incurred in accordance with the regulations, including funeral subsidies, pension payments, employee relocation expenses, only child expenses, family leave travel expenses, and other expenses in line with the definition of employee welfare expenses of an enterprise but not included in the items of the provisions of this Circular. Second, if the transportation, housing and communication treatment provided by an enterprise for its employees has been monetized and reformed, the housing subsidies, transportation subsidies or car reform subsidies and communication subsidies issued or paid on a monthly basis in accordance with the standard shall be included in the total wages of the employees and shall no longer be included in the management of the employee welfare expenses; if monetization reforms have not yet been implemented, the relevant expenditures incurred by the enterprise shall be managed as the employee welfare expenses but shall not be included in the management of the employee welfare expenses under the unified provisions of the national policy of reforming the housing system of the relevant enterprises. However, according to the unified provisions of the State's policy on enterprise housing system reform, no more housing shall be purchased and constructed for the employees. Holiday subsidies and monthly lunch subsidies for employees who are not uniformly provided with meals shall be included in the management of the total wages. C. Employee welfare is an auxiliary form of labor compensation for employees. Enterprises shall reasonably control the proportion of employee welfare expenses in the total income of employees with reference to the general level of history. In accordance with the provisions of Article 46 of the General Principles of Enterprise Finance, the enterprise shall not spend on the relevant expenditures that should be borne by individuals as employee welfare expenses. Fourth, enterprises shall gradually promote the separation reform of internal collective welfare departments and solve the problem of employee welfare treatment through market-oriented methods. At the same time, in conjunction with the reform of the enterprise's payroll system, they should gradually establish a complete labor cost management system, and incorporate employee benefits into the management of total employee wages. For the person in charge of an enterprise that implements the annual salary system and other remuneration system reforms, the enterprise shall include all welfare monetary subsidies in line with national regulations in the overall management of the remuneration system, and the welfare monetary subsidies issued or paid shall be charged to his or her personal payable remuneration. V. Employee benefits of an enterprise shall generally be in monetary form. Enterprises shall strictly control the use of their products and services as employee benefits. State-funded telecommunications, electric power, transportation, heat, water supply, gas and other enterprises, the enterprise's products and services as employee benefits, should be implemented in accordance with the principle of commercialization of fair trade, shall not be directly available to the employees and their relatives free of charge or at a low price. The beds and bedding purchased for the staff dormitory you pointed out belongs to the content of the above (b), which belongs to the accounting content of welfare expenses.
What is included in employee compensation payable?
Hello!
Under the new accounting standards, the remuneration payable to employees includes:
(i) Employee salaries, bonuses, allowances and subsidies.
(ii) Employee welfare expenses.
(iii) Social insurance premiums such as medical insurance premiums, pension insurance premiums, unemployment insurance premiums, industrial injury insurance premiums and maternity insurance premiums, of which, pension insurance premiums, including basic pension insurance premiums paid to the social insurance agency in accordance with the standards prescribed by the State, and supplemental pension insurance premiums paid to the relevant managers of the enterprise annuity fund in accordance with the enterprise annuity plan. Various insurance benefits provided to employees in the form of purchasing commercial insurance are also considered employee remuneration.
(iv) Housing Provident Fund.
(v) Labor union funds and employee education funds.
(vi) Non-monetary benefits, including the enterprise to self-produced products issued to the employees as welfare, the enterprise-owned assets provided to the employees to use free of charge, to provide employees with health care services free of charge.
(vii) Compensation for the termination of labor relations with employees.
(viii) Other expenditures related to the acquisition of services provided by employees.
Please adopt if you are satisfied!
What is included in the salary structure
It may differ from company to company, but it generally includes salary (basic salary, post salary (job salary), seniority pay, overtime pay, etc.) + bonuses (full-time awards, performance pay, etc.) + subsidies (meal allowance, transportation subsidies, telephone subsidies, etc.)