In order to offset the overpayment of wages, the red-letter correction method should be adopted to correct accounting errors.

Because the salary is distributed according to the beneficiaries, it involves cost subjects, employee welfare funds, trade union funds, employee education funds, social security expenses, housing provident fund and so on. , the corrected accounting entry is (accounting entry amount is reflected in red).

Borrow: production cost (wages of production workers)

Manufacturing cost (workshop manager's salary)

Labor cost (labor provider's salary)

Management expenses (executive salaries)

Sales expenses (salaries of sales organization personnel)

Construction in progress (wages of construction personnel)

R&D expenditure (employee compensation of R&D expenditure personnel)

Loans: Payables-Wages

-employee welfare fund

-Trade union funds

-Staff Education Fund

-Social insurance premium (part borne by enterprises)

-housing accumulation fund, etc. (Part of the burden of enterprises)

How to make entries in the provision and payment of five insurances and one gold paid by enterprises for employees respectively?

1. When drawing wages, the social security of the enterprise should be paid first:

Borrow: xx expenses (management/sales, etc. )

Loans: payable to employees-social security

2. When the salary is paid in the next month, some entries of the provident fund undertaken by the enterprise correspond to:

Borrow: management fee-housing accumulation fund

Loan: Payable-Housing Provident Fund

3, the social security part of the enterprise, accounting entries corresponding:

Borrowing: management expenses: endowment insurance (medical insurance, unemployment insurance, industrial injury insurance, maternity insurance)

Loan: Payable salary: endowment insurance (medical insurance, unemployment insurance, work injury insurance, maternity insurance).

What needs to be noted here is that when paying insurance premiums to the Social Security Bureau and reporting individual taxes to the Tax Bureau, all the personal social security portion deducted from other payables and the unit commitment portion linked to employees' salaries must be paid.

Therefore, the accounting entries correspond to:

Borrow: other payables-endowment insurance (medical insurance, unemployment insurance, work injury insurance, maternity insurance, housing accumulation fund)

Payable staff salaries-endowment insurance (medical insurance, unemployment insurance, work injury insurance, maternity insurance, housing accumulation fund)

Loan: bank deposit (all taxes withheld by individuals are declared and paid)

Borrow: taxes payable-personal income tax payable

Loans: bank deposits

How to write off the extra salary? If the finance department pays more wages when making accounts in the current month, it can write off the entries combined with the contents introduced in this article to level off the accounts of the current month. In order to avoid write-off after overpayment, it is suggested that the finance department should be cautious in daily accounting.