Salary payable to employees refers to all kinds of wages payable to employees by enterprises in accordance with relevant regulations, according to wages, bonuses, allowances, subsidies, employee welfare funds, social insurance premiums, housing accumulation funds, trade union funds, employee education funds, compensation for termination of employee labor relations, non-monetary benefits and other expenses related to obtaining services provided by employees.
An enterprise shall, during the accounting period when employees provide services for it, recognize employee salaries (including monetary salaries and non-monetary benefits) that should be included in the relevant asset costs or current profits and losses, and at the same time recognize them as employee salaries payable. Specifically, the following situations are dealt with separately: employee compensation
The wages of personnel in the production department shall be debited to the production cost, manufacturing cost, labor cost and other subjects, and credited to the salary payable to employees;
Staff salaries of management personnel shall be debited to the subject of "management expenses" and credited to the subject of "staff salaries payable";
The salary of the salesperson shall be debited to the title of "sales expenses" and credited to the title of "salary payable to employees";
Employees' salaries borne by construction in progress and R&D expenditures shall be debited to the subjects of "construction in progress" and "R&D expenditures" and credited to the subject of "Payables to Employees".