Payroll transactions - accounting rules. An example of calculating and calculating payroll Payroll worker posting
Calculating payroll and creating payroll entries is the monthly responsibility of an accountant. It is preserved in any type of activity of the organization and under any tax regimes. We have prepared practical material that will help you correctly make all the entries and correctly reflect the salary in accounting.
salary in accounting
Accrual and payment of wages, as well as deductions from it, are reflected in account 70 “Settlements with personnel for wages”. This follows from the chart of accounts approved by the order of the Ministry of Finance of Russia dated October 30, 2000 No. 94n. When calculating salaries, the accountant uses the credit of account 70. When paying salaries, withholding personal income tax, alimony, and other things, the accountant uses the debit of account 70.
Analytics on account 70 must be maintained for each employee of the company.
Insurance premiums should be reflected on account 69 "Calculations for social insurance and security", and personal income tax - on account 68 "Calculations on taxes and fees" of the sub-account "Personal income tax".
Payroll posting dates
The payroll transaction for a particular month is dated by the last day of that month.
The posting date for the advance payment depends on which calculation method is adopted in the organization. There are two options:
- The advance is equal to wages for the time actually worked in the first half of the month. At the same time, as a rule, reserve deductions are made equal to the amount of personal income tax, alimony, and so on. An advance payment entry is created at the end of the first half of the month for which it is accrued (for example, February 14 or September 15). Then they make a posting on reserve deductions.
- The advance is equal to a fixed amount, which is calculated as a percentage of the employee's monthly salary (for example, 40%). With this option, you do not need to create a separate posting for the advance payment. Only the payroll posting is made for the entire month, dated the last day of this month (for more details, see: "").
Postings for accruing and withholding personal income tax, for writing off reserve deductions, for accruing insurance premiums and withholding alimony are usually made on the last day of the month for which the salary is accrued. And the postings for the payment of advance and wages, for the transfer of personal income tax and contributions - on the day when the money is debited from the account or issued from the cash desk.
Varieties of payroll and tax transactions
Payroll
In accounting, staff salaries are expenses for ordinary activities ( organization expenses).
Manufacturing companies reflect salaries in the debit of accounts: 20 "Main production", 23 "Auxiliary production", 26 "General expenses", 29 "Service production and farms". Trading companies - on the debit of account 44 "Expenses for the sale."
When calculating payroll, they make the posting:
DEBIT 20 (23, 26, 29, 44) CREDIT 70 — the salary of an employee of such and such
REFERENCE. When accruing an advance, calculated as a salary for the first half of the month, you need to make the same posting as when calculating salaries for the month.
Reserve deductions from salary for the first half of the month
Organizations in which the advance is equal to the salary for the time actually worked in the first half of the month often make reserve deductions in an amount equal to the amount of personal income tax, alimony, etc. They are shown in the debit of account 70 and the credit of account 76 “Settlements with various debtors and creditors” for the corresponding subaccount.
With reserve deductions, postings are made:
DEBIT 70 CREDIT 76 sub-account "Reserve deductions for personal income tax" - backup withholding of personal income tax from the salary of an employee of such and such
DEBIT 70 CREDIT 76 sub-account "Reserve deductions for alimony" - backup withholding of alimony from the salary of an employee of such and such
Deductions from salary: personal income tax, alimony, etc.
When withholding personal income tax, they make the posting:
DEBIT 70 CREDIT 68 subaccount "personal income tax" - personal income tax withheld from the salary of an employee of such and such
When withholding alimony, they make the wiring:
DEBIT 70 CREDIT 76 sub-account "Alimony payments" - alimony was withheld from the salary of an employee of such and such
In the case of other deductions, use the credit of the account that is appropriate for the particular situation.
If the advance is equal to the salary for the time actually worked in the first half of the month, and reserve deductions were made, then at the end of the month they must be written off.
When writing off reserve deductions, postings are made:
DEBIT 76 subaccount "Reserve deductions for personal income tax" CREDIT 70 - reserve deductions for personal income tax of an employee of such and such
DEBIT 76 sub-account "Reserve deductions for alimony" CREDIT 70 - reserve deductions for alimony of an employee of such and such
Calculation of insurance premiums
Like salaries, insurance premiums in accounting relate to expenses for ordinary activities. The accrual of contributions is reflected in the debit of accounts 20 (23, 26, 29, 44) and the credit of account 69 for the corresponding sub-account (sub-accounts are opened by type of insurance).
IMPORTANT. Account 70 is not involved in the posting for the calculation of insurance premiums. This is due to the fact that contributions are not included in wages and are not deducted from it.
When calculating contributions, they make the posting:
DEBIT 20 (23, 26, 29, 44) CREDIT 69 (sub-account by type of insurance)- insurance premiums.
Payment of advance and wages
The advance, as well as the accrued salary minus personal income tax, alimony and other deductions, are given to the employee. If the employee receives money at the cash desk, a posting is made on the credit of account 50 "Cashier". If money is transferred from the organization's current account to the employee's card, a transaction is made on the credit of account 51 "Settlement accounts".
When paying an advance and salary, postings are made:
DEBIT 70 CREDIT 50 — an advance payment (salary) was issued from the cash desk;
DEBIT 70 CREDIT 51- an advance payment (salary) was transferred from the current account.
Transfer of personal income tax and contributions
The organization must transfer personal income tax to the budget no later than the day following the day the salary is paid (clause 6 of Art. Tax Code of the Russian Federation). Insurance premiums for a particular month should be transferred no later than the 15th day of the next month (clause 3 of Art. Tax Code of the Russian Federation; h 4 tbsp. 22 Federal Law ).
When transferring personal income tax and contributions, the posting is made:
DEBIT 68 (69 corresponding sub-account) CREDIT 51 — transferred personal income tax (insurance contributions)
An example of a payroll entry
Two employees work in a trading company under employment contracts: Volkov and Zaitsev. Volkov's salary is 50,000 rubles. per month, Zaitsev's salary - 45,000 rubles. per month. According to the writ of execution, alimony in the amount of 25% of Zaitsev's income is withheld monthly.
According to the accounting policy, the advance is equal to the salary for the time actually worked in the first half of the month. When accruing an advance, the accountant makes reserve deductions for personal income tax and alimony.
On May 15, 2020, an advance payment for May was accrued: to Volkov - 20,588 rubles, to Zaitsev - 18,529 rubles. On the same day, the money was transferred to the employees' cards.
RUB 20,588 - Volkov's salary for the first half of May 2020 was accrued;
DEBIT 70 subaccount "Volkov's salary" CREDIT 76 subaccount "Reserve deductions for personal income tax"
RUB 2,676 (20,588 rubles x 13%) - reserve withholding of personal income tax from Volkov's salary;
RUB 17,912 (20,588 rubles - 2,676 rubles) - an advance payment was transferred to Volkov for the first half of May 2020;
RUB 18,529 — Zaitsev’s salary for the first half of May 2020 was accrued;
DEBIT 70 subaccount "Zaitsev's salary" CREDIT 76 subaccount "Personal income tax reserve deductions"
2 409 rub. (18,529 rubles x 13%) - reserve withholding of personal income tax from Zaitsev's salary;
DEBIT 70 subaccount "Zaitsev's salary" CREDIT 76 subaccount "Reserve deductions for alimony"
RUB 4,030 ((18,529 rubles - 2,409 rubles) x 25%) - reserve deduction of alimony from Zaitsev's salary;
12 090 rub. (18,529 rubles - 2,409 rubles - 4,030 rubles) - an advance payment was transferred to Zaitsev for the first half of May 2020.
On May 29, 2020, the salary for the second half of May 2020 was accrued: Volkov - 29,412 rubles, Zaitsev - 26,471 rubles. On the same day, the salary for May was transferred to the cards of employees, personal income tax was transferred to the budget, alimony was transferred to the claimant, and insurance premiums for May were accrued.
DEBIT 44 CREDIT 70 subaccount "Volkov's salary"
RUB 29,412 - Volkov's salary for the second half of May 2020 was accrued;
DEBIT 70 subaccount "Volkov's salary" CREDIT 68 subaccount "personal income tax"
6 500 rub. (50,000 rubles x 13%) - personal income tax was charged on Volkov's salary for May 2020;
DEBIT 76 sub-account "Reserve withholding for personal income tax" CREDIT 70 sub-account "Volkov's salary"
RUB 2,676 - reserve deductions for personal income tax were written off from Volkov's salary;
DEBIT 70 subaccount "Volkov's salary" CREDIT 51
RUB 25,588 (50,000 rubles - 6,500 rubles - 17,912 rubles) - Volkov's salary for May 2020 was transferred;
DEBIT 44 CREDIT 70 sub-account "Zaitsev's salary"
RUB 26,471 — Zaitsev’s salary for the second half of May 2020 was accrued;
DEBIT 70 subaccount "Zaitsev's salary" CREDIT 68 subaccount "personal income tax"
5 850 rub. (45,000 rubles x 13%) - personal income tax was charged on Zaitsev's salary for May 2020;
DEBIT 70 subaccount "Zaitsev's salary" CREDIT 76 subaccount "Alimony payments"
RUB 9,788 ((45,000 rubles - 5,850 rubles) x 25%) - alimony was withheld from Zaitsev's salary for May 2020;
DEBIT 76 subaccount "Personal income tax reserve deductions" CREDIT 70 subaccount "Zaitsev's salary"
2 409 rub. - reserve deductions for personal income tax were written off from Zaitsev's salary;
DEBIT 76 sub-account "Reserve deductions for alimony" CREDIT 70 sub-account "Zaitsev's salary"
RUB 4,030 - reserve deductions for Zaitsev's alimony were written off;
DEBIT 70 subaccount "Zaitsev's salary" CREDIT 51
RUB 17,272 (45,000 rubles - 5,850 rubles - 9,788 rubles - 12,090 rubles) - Zaitsev's salary for May 2020 was transferred;
DEBIT 68 subaccount "NDFL" CREDIT 51
12 350 rub. (6,500 rubles + 5,850 rubles) - personal income tax for May 2020 was transferred;
DEBIT 76 sub-account "Calculations on alimony" CREDIT 51
RUB 9,788 - alimony from Zaitsev's income for May 2020 was listed;
Calculate wages with deduction of alimony in the web service
DEBIT 44 CREDIT 69 sub-account "Calculations for pension insurance"
20 900 rub. ((50,000 rubles + 45,000 rubles) x 22%) - pension contributions for May 2020 have been accrued;
DEBIT 44 CREDIT 69 sub-account "Calculations for health insurance"
4 845 rub. ((50,000 rubles + 45,000 rubles) x 5.1%) - medical contributions for May 2020 have been accrued;
DEBIT 44 CREDIT 69 sub-account "Social insurance settlements in case of temporary disability and in connection with motherhood"
2 755 rub. ((50,000 rubles + 45,000 rubles) x 2.9%) - social insurance contributions were accrued in case of temporary disability and in connection with motherhood for May 2020;
DEBIT 44 CREDIT 69 sub-account “Calculations for insurance»
190 rub. ((50,000 rubles + 45,000 rubles) x 0.2%) - contributions "for injuries" for May 2020 were accrued.
DEBIT 69 sub-account "Calculations for pension insurance" CREDIT 51
20 900 rub. - pension contributions for May 2020 are listed;
DEBIT 69 sub-account "Health insurance settlements" CREDIT 51
4 845 rub. - medical contributions for May 2020 are listed;
DEBIT 69 sub-account "Social insurance settlements in case of temporary disability and in connection with motherhood" CREDIT 51
2 755 rub. - social insurance contributions in case of temporary disability and in connection with motherhood for May 2020 are listed;
DEBIT 69 sub-account “Calculations for insurancefrom accidents at work and occupational diseases» CREDIT 51
190 rub. - contributions "for injuries" for May 2020 are listed.
In conclusion, we note that payroll entries will be somewhat simpler if the organization pays an advance in a fixed amount. In such a situation, you do not need to record reserve deductions and then write them off. In addition, payroll transactions need to be created only once - at the end of the month. In all other respects, postings with a fixed advance will be the same as in our example.
We will not consider payroll in detail, but we will analyze the postings that are generated in accounting after the calculations are completed for each employee.
Stages of work on accounting for salaries in the organization:
- payment of income tax and contributions.
To account for all transactions related to remuneration, account 70 “Settlements with personnel for remuneration” is used. Accruals are reflected on the credit of this account, personal income tax, other deductions and salary payments are reflected on the debit. Postings on payroll, deductions, accrual of personal income tax and insurance premiums are usually made on the last day of the month for which the salary is accrued. Postings on the payment of wages and the payment of personal income tax and contributions - on the day of the actual transfer (issuance) of funds.
Payroll costs are written off to the cost of products or goods, therefore, the following accounts correspond with account 70:
- for a manufacturing enterprise - account 20 "Main production" or account 23 "Auxiliary production", 25 "General production costs", 26 "General (management) expenses", 29 "Service production and farms";
- for a trading enterprise - 44 account "Expenses for sale".
The wiring looks like this:
D20 (44.26,…) K70
This posting is made for the total amount of accrued salary for the month, or for each employee, if accounting on account 70 is organized with employee analytics.
Payroll deductions
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Deductions from salaries reduce the amount of accruals and are debited to account 70. As a rule, all employees have one deduction - this is personal income tax. Here, account 70 corresponds with account 68 “Calculations on taxes and fees”, posting:
D70 K68
In postings to other deductions, the credit account changes, depending on where it goes. For example, when withholding a writ of execution in favor of a third party, account 76 “Settlements with various debtors and creditors” is used, posting:
D70 K76
Calculation of insurance premiums
Account 70 does not participate in postings on insurance premiums, because they are not accrued to employees and are not deducted from their wages.
Insurance premiums are charged to the cost of production, i.е. pass through the debit of accounts 20 (26.29, ...) or 44 in correspondence with account 69 “Calculations for social insurance and security”. 69 accounts usually have sub-accounts for each installment. Wiring:
D20 (44, 26, ...) K69
Payment of wages
After the salary is accrued on the credit of the 70th account, and on the debit of the 70th account personal income tax and other deductions are withheld, the rest is paid to the employees. Payment can be made both from the cash desk and through the bank (money is transferred to the accounts of employees from the organization's current account), i.e. Account 70 corresponds either with account 50 "Cashier" or with account 51 "Settlement account", posting:
D70 K50(51)
Transfer of personal income tax and contributions
Not later than the day following the day of payment of wages, the organization is obliged to pay personal income tax. Insurance premiums, including injury premiums, are paid by the 15th day of the following month. Payment is made from the current account (account 51), the debt to the Federal Tax Service and funds is closed (accounts 68 and 69). Wiring:
D68 K51 - personal income tax paid
D69 K51 - contributions paid
Example of payroll with postings
Employees were paid salaries for March 2019, withheld personal income tax, calculated insurance premiums. Accounting for account 70 is conducted without analytics for employees, for account 69 - with sub-accounts for each contribution. Payroll and contributions are charged to account 20.
04/10/2019 - salary paid, personal income tax paid,
04/15/2019 - insurance premiums were paid to the PFR, FMS, FSS.
Contributions:
- in the PFR (22%) - 16,500 rubles
- in the FMS (5.1%) - 3,825 rubles
- FSS (2.9%) - 2,175 rubles
- FSS injuries (0.9%) - 675 rubles
Postings for all transactions:
the date Wiring Sum Contents of operation 31.03.2019 D20 K70 75 000 Salary accrued D70 C68.nfl 9 750 Withheld personal income tax Insurance premiums paid: D20 K69.pfr 16 500 - in the FIU D20 C69.fms 3 825 - in the FMS D20 K69.fss1 2 175 - in the FSS (temporary disability) D20 K69.fss2 675 - in the FSS (injuries) 10.04.2019 D68.nfl C51 9 750 Listed personal income tax D70 K50 65 250 Paid salaries of employees from the cash desk 15.04.2019 Insurance premiums listed: D69.pfr K51 16 500 - in the FIU D69.fms K51 3 825 - in the FMS D69.fss1 K51 2 175 - FSS (temporary disability) D69.fss2 K51 675 - FSS (injuries)
Keeping accounting records in the online service Kontur.Accounting is convenient. Quick start of a primary organization, automatic payroll calculation, collaboration with the director.
The chart of accounts and the Instructions for its use to account for all payments made by the organization to its employees are provided.
Maintaining payroll on account 70
It takes into account all calculations with personnel:
- on wages, including basic and additional wages, as well as incentive and compensation payments;
- for, benefits and compensation;
- on payment of vacation pay and compensation for unused vacation;
- on deductions from wages to compensate for losses from marriage, shortages, theft, damage to material assets, etc.;
- on payment by employees of trade union dues, utilities and other services;
- on the basis of a court decision, etc.
On credit, account 70 entries show the amounts owed by the enterprise/organization to the employee, on debit - a decrease in such debt due to the payment of wages or other amounts due to employees in accordance with the law, or the employee's debt to the enterprise.
Analytical accounts to account 70 can be opened for groups of employees (by departments) and for each employee separately.
The main corresponding accounts to account 70 when calculating salaries are determined by the type of activity of the enterprise (organization):
- in production - (for employees of the main production), (for employees of auxiliary production), 25 (for employees involved in the management and maintenance of workshops and / or sections), 26 (for employees of plant management and specialists), 29 (for employees of service industries and farms);
- in trade and service sector.
When calculating benefits, accounts intended for settlements with extra-budgetary funds are used (). When calculating vacation pay and the amounts of payments for long service, it is used, etc.
All the above accruals are made on the debit of the indicated accounts and on the credit of account 70.
See step-by-step instructions for calculating and paying salaries in 1C 8.3:
Postings: wages accrued
Basic payroll:
Account Dt | Account Kt | Wiring Description | Posting amount | A document base |
20 (23, 25, 26, 29) | 70 | Posting: accrued wages to employees of the main production (auxiliary, service, employees of management and maintenance of shops and the enterprise as a whole) | 150000 | Help-calculation |
44 | 70 | Salaries of employees of a trade or service enterprise are accrued | 60000 | Help-calculation |
69 | 70 | (due to illness, work injury, pregnancy and childbirth, etc.) | 20000 | Help-calculation |
91 | 70 | Salaries were accrued to employees employed in a field of activity that is not related to the usual for the enterprise (for example, maintenance of leased facilities) | 30000 | Help-calculation, lease agreement |
96 | 70 | Payments to employees were accrued at the expense of the reserve for future expenses and payments (vacation pay, remuneration for long service, etc.) | 40000 | Help-calculation |
97 | 70 | Salary accrued to employees engaged in work classified as deferred expenses (development and testing of new products, scientific research, market research, etc.) | 35000 | |
99 | 70 | Salaries were accrued to employees of the enterprise engaged in the elimination of the consequences of emergencies, disasters, accidents, natural disasters, etc. | 15000 | Reference-calculation, act of work performed |
An enterprise (organization) in the event of a shortage of funds may partially pay for the work of employees in kind, but such calculations should not exceed 20% of the accrued amount of wages. When wages are paid with products of own production, it is taken into account at market prices in accordance with Art. 40 of the Tax Code of the Russian Federation. Personal income tax and unified social tax from payments in kind to employees is paid on a general basis based on the market value of products or other material assets issued to employees.
How to display the payment of wages, taxes and deductions in transactions
These postings are reflected in the debit of account 70 and the credit of the corresponding accounts. They show a decrease in the organization's debt to employees for wages.
Account Dt | Account Kt | Wiring Description | Posting amount | A document base |
70 | 50 | Payroll posting | 254500 | Settlement and payroll, expenditure cash warrant |
70 | 51 | The salary was transferred to the employees' accounts in the bank (bank cards) from the account of the enterprise | 50000 | Help-calculation, payment order, agreement with the bank |
70 | 68.01 | Withheld personal income tax from the salary of employees | 45500 | Help-calculation |
70 | 71 | Withheld from the employee's salary an amount not previously returned to him, issued under the report | 2500 | employee advance report |
70 | 73 | Withheld from the employee the amount of compensation for material damage caused by him | 5500 | |
70 | 75 | Acquisition of company shares by employees on account of wages | 20000 | Statements of employees, decision of the general meeting of shareholders |
70 | 76 | Deductions from employees’ salaries in favor of third parties (membership and insurance premiums, alimony, repayment of debts on utility bills, other payments by court order, etc.) | 10000 | Help-calculation |
70 | 94 | The amount of material damage was withheld from the identified perpetrators | 5000 | Act of internal investigation, order for damages |
In accordance with the Labor Code of the Russian Federation, the employer is obliged to pay wages at least twice a month. The amount of the advance should not be less than salaries or tariff rates for the first half of the month worked. The advance payment scheme is shown in fig. one.
Rice. 1. Procedure and terms for advance payment.
Deductions from wages can be made only in cases provided for by law. Art. 138 of the Labor Code of the Russian Federation establishes restrictions on the amount of deductions from wages:
- in standard cases - no more than 20% of the salary;
- in special cases provided for by law, as well as when deducting from an employee's earnings under several executive documents - no more than 50% of wages;
- when an employee is serving correctional labor, paying alimony for minor children, compensating for damage as a result of a crime - no more than 70% of wages.
Calculating, paying the necessary contributions and issuing wages is one of the most difficult tasks for an inexperienced accountant. At the same time, work with wages is one of the primary tasks of accounting. How to calculate the salary, pay the amount due to all budget funds and then give the remaining money to the employee? You will find answers to all these questions in this article.
Salary accrual
The first task is to calculate the RFP. Almost all RFP entries include 70, which is responsible for wages. Since it is included in the category of "forming the finances of an enterprise", it is passive. On debit, we reflect the amount of write-offs (payments, payments to insurance funds, etc.), and on credit, we will calculate wages.
Account 70 takes into account absolutely all payments in favor of employees (compensations, vacations, salaries, bonuses, etc.).
Analytics is conducted in the context of each employee or in general for the structural unit. When wagering, the following is used
- Dt 20, 26, 23, 25, 26, 29, 44
The debit is responsible for the employee's place of work. 20 - if the employee is involved in the main activity, 23 - if the employee is an auxiliary production. 25 are general production expenses, 26 are management expenses, and 29 are maintenance expenses. 44 account is used by trade enterprises.
Now about the amount. If analytical accounting for the 70th is not kept, then the posting is made out for all the funds that are accrued for all employees employed in this area of \u200b\u200bthe enterprise. Those. if the main production of the RFP is accrued in the amount of 400,000 rubles, then there will be a posting
- Dt 20,400,000 rubles
- Kt 70
But more often accounting is kept in the context of each employee. So, if Ivanov I.I. - an employee of the sales department, will have to receive, without deducting taxes, 38,000 rubles, then the next accounting entry will be made.
- Dt 44 38,000 rubles
- Kt 70 (Ivanov. I. I.)
This is how the accrual of salary and bonuses is taken into account if payment is made at the expense of the enterprise, which the enterprise will then include in the cost of production. If a separate premium is formed, which will not affect the cost of production, then the following entry is made:
- According to Dt 91.2
- According to Kt 70
For the amount of the prize. With this posting, we attribute the payroll to additional expenses. This method is used in companies that use profits to pay bonuses to their employees, not considering these costs as production.
Also, there are specific wirings that are used very rarely.
- According to Dt 97
- According to Kt 70
This is a salary that is accounted for as a deferred cost. Most often, these are employees who are developing something that can bring money to the enterprise in the future.
- Dt 99
- Kt 70
Posting on the accrual of RFP to liquidators of emergency situations and other natural disasters.
- Dt 69
- Kt 70
Posting on the accrual of funds from extra-budgetary funds (sick leave, injuries at work, etc.).
Payroll is calculated on the last working day of the reporting period (month), regardless of when the payout occurs.
Issuance of wages
The issuance of wages occurs in accordance with the internal documents of the organization, regardless of when the accrual occurred.
There are only two transactions for issuing a RFP:
- According to Dt 70
- According to Kt 50
This is if the funds are issued in cash from the cash desk of a credit institution. Now rarely used.
- According to Dt 70
- According to Kt 51
If wages are paid by bank transfer, they are credited to the employees' bank account. Used more and more.
An accounting entry means that the debt to employees has been reduced by the amount of funds issued. Also, the amount of the advance is debited by the same posting from the accrued wages.
Withholding personal income tax
Since the employer is also a tax agent for his employee, he must withhold and pay the amount of personal income tax. In Russia, the basic personal income tax rate is 13%. Therefore, the employer must withhold the amount of personal income tax from the accrued wages.
This is done by wiring.
- According to Dt 70
- According to Kt 68 subaccount 01
For an amount equal to 13% of the accrued wages. Tax deductions are taken into account (for example, for a child - 1400 rubles). In order to correctly calculate the amount of personal income tax payable, in the presence of tax deductions, it is necessary to subtract the amount of tax deductions from the amount of the accrued RFP and then multiply by 13%.
So, if an employee has a child, then he is entitled to a deduction in the amount of 1,400 rubles. With a salary of 23,000 rubles, the amount of personal income tax payable will be equal to: 23,000 - 1,400 * 13% = 3,068 rubles
If there are any other deductions, for example, alimony, then the amount of personal income tax will be paid first, and only then, other deductions will be considered from the salary after tax.
Payment of insurance premiums
In addition to paying wages, the employer is obliged, but at his own expense, to pay money to the compulsory social and medical insurance funds for his employees.
Insurance premiums are related to the expenses of the enterprise and also form the cost of production. Accordingly, the accrual will occur by posting:
- By Dt 20 (23, 26..)
- According to Kt 69.1; 69.2; 69.3.
Depending on which of the funds the funds will be sent to, one or another subaccount will be used.
- 69 subaccount1 - Expenses for social. insurance.
- 69 subaccount 2 - Pension.
- 69 subaccount 3 - Medical.
Payment of insurance premiums includes closing 69 accounts and transferring funds from 51 accounts. So, accounting entries will be made:
- According to Dt 69.1 - 69.3
- According to Kt 51
This posting means that the accrued insurance premiums were paid from the organization's current account. Up-to-date information on the rates of insurance premiums, the timing of their payment and the documents that must be provided is indicated in 212-FZ.
Payroll deductions
There is a big difference between how much is credited and how much is paid out. In addition to paying tax, the employer is required to deduct the amount of the advance from.
But beyond that, there are a few other deductions that can affect wages.
Non-return of the accountable amount. If the employee took the money under the report and could not return it, and also did not report on their spending, then the following accounting entry is drawn up:
- According to Dt 70
- According to CT 71
It means that the amount that the employee took under the report was deducted from the employee's salary.
In the event that an employee caused material damage to the enterprise, and the commission confirmed this fact, he is subject to liability. A schedule for the repayment of the amount of damage is drawn up, and the following accounting entry is made every month:
- According to Dt 70
- According to CT 73
It means that the amount of the monthly payment for material damage is deducted from the salary.
Also, there are cases when material damage is discovered only during the inventory, reconciliation of values and other periodic inspections. Then, after the identification of the MOT, monthly compensation of costs occurs at his expense. In these cases, an accounting entry is made:
- According to Dt 70
- According to Kt 94
In these three cases, the deduction from the salary cannot be more than 20% of the employee's income.
There are times when an employee wants to buy shares in an enterprise for salaries. Then the accountant makes the following entry:
- According to Dt 70
- According to Kt 75
The cost of shares is deducted from the RFP
And the last case is when, by decision of the court, various deductions will be made. This includes child support, compensation to victims, as well as other similar deductions. Their amount is assigned individually, also by a court decision, but cannot exceed 50%. But in special cases, compensation can reach up to 70%.
Accounting entry is made:
- According to Dt 70
- According to CT 76
Also, as mentioned earlier, the amount of withholding is determined only after taxes are paid. So, for example:
The court ordered Petrov P.P. transfer 25% of your salary to the victim in an accident Sidorov I.A. Petrov's salary is 20,000 rubles. Respectively:
First, personal income tax will be paid:
- According to Dt 70
- According to Kt 68 subaccount 01
For the amount of 2600 rubles. After that, the amount due to him will be transferred to the victim:
- According to Dt 70
- According to CT 76
For the amount of 4 350 rubles.
Withholdings occur according to the queue, which is formed by the accountant himself, in accordance with legislative acts.
In contact with
As a rule, wages and the provision of a social package act as the main motivator for personnel of any level. In this article, we will look at how payroll accounting is conducted. We will study the entries that are formed in accounting when calculating wages for workers in the main production, service personnel, engineers, managers and other categories of workers.
In order to ensure timely payment of wages in full, modern legislation clearly regulates all aspects of this operation, including accounting policies. New Labor Code Art. 129 treats wages as remuneration for the work carried out by the employee. It is formed as follows:
- Based on the qualification level of the employee;
- Quantitative and qualitative indicators of complexity;
- Conditions for the provision of services by the employee;
- Compensatory and incentive payments.
Novice accountants should be aware that for various categories of employees, wages are formed from various sources:
- Payroll - the posting is drawn up at Kt 70, which is essentially the company's debt to employees for wages and other payments.
- The workers of the main production, in accordance with the current legislation, are charged and distributed payroll, which is included in the cost of production, marriage, circulation, which is drawn up by accounting entries - Dt 20 Kt 70.
- The burden of wages for other categories of workers, maintenance personnel, engineers and managers falls on other accounts, in particular in Dt 23, 25, 26, 29, 44:
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Formation of postings for payroll and taxes
Wages and their taxation is one of the most important and weighty points of accounting operations in enterprises. Under the seeming simplicity lies a huge variety of different nuances that require thoughtful and careful study. First of all, the accounting complex for wages involves the following main points:
- The debit reflects deductions from personal income tax, previously called income tax, amounts to pension and other social funds, other deductions - alimony, fines, payment of loans and utilities for transfer according to the application of the employee. It also contains the amount payable, which is entered into a special statement.
- The credit side is formed from accruals, which contain amounts for salary, tariff, allowances and bonuses in accordance with the data provided by the time sheet f. No. T - 12 or tariff scale.
- Accruals and deductions are fixed in relation to each employee separately:
Practical payroll accounting
The first and most important document is the timesheet for the use of working time by each employee, where records are kept by the daily and total method. After checking by the relevant officials, it is transferred to the accounting department, where each employee has a f. No. T - 2 or a tariff table indicating salary, allowances and other charges. The calculation is made on the basis of these data and the hours worked according to the time sheet:
The basis for accounting for payroll is:
- Accurate accounting of time worked and employees at the enterprise;
- Withholdings to funds must comply with the law;
- Monitoring the performance of each employee;
- Accuracy of posting and accounting entries for wages.
Typical postings for accrual and payment of salaries
Today, the country uses a unified systematized accounting policy, the principle of which is to form journals of orders for credit accounts. The final journal is the General Ledger, and the LHP forms primary accounting in tabular form:
p/p | Contents of operation | Dt | CT | A document base | Note. |
1 | Accrued salary to employees of the main production | 20 | 70 | ||
Salary accrued to staff | 23, 25, 26, 29, 44 | 70 | Settlement or payroll statement | ||
2 | Basic tax withholding | 70 | 68 | Tax accounting register | personal income tax |
3 | Other deductions, including alimony and others | 70 | 76 | Performance list | creditors |
4 | Insurance premiums paid | 44, 29, 26, 20 | 69 | Accounting information | |
5 | For payment - a cash register is formed | 70 | 50, 51 | Settlement or payroll statement or cash settlement | |
6 | Transfers of taxes and deductions to payroll | 68, 69 | 51 | bank statement |
At the same time, at each enterprise there is a specificity of accruals and accounting procedures for wages. Legislation allows the use of a system of sub-accounts for each correspondent account at the discretion of the head of the financial department or chief accountant. This moment is reflected in the annual Order No. 1 for the company "On the financial policy of the enterprise." Young accountants need to know that payroll accounting is usually considered one of the most difficult aspects of accounting in an enterprise, requiring extensive experience and knowledge of modern regulatory documents.