University graduation thesis Supervisor: MSc. Do Song Huong
unmarketable
Hu
Table 14: Ledger account 338
Form S02c1-DN | |
Sao Nam Street, Cua Lo Town, Nghe An | BHT Decision 15/2006/QD/BTC March 20, 2006 by Minister of Finance |
GENERAL LEDGER TK 338 November 2015 | |
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Current Status of Salary Accounting and Salary Deductions at Cua Lo Urban Environment and Tourism Services Joint Stock Company.
Date
record
Accounting vouchers | Interpretation | Corresponding account | Amount | |||
SH | NT | In debt | Have | |||
3) Beginning balance of November | 4,072,934 | |||||
4) Number of transactions in the month | ||||||
11/30 | 103 | 11/30 | Social insurance, health insurance, unemployment insurance, and union contributions | |||
Included in NCTT costs | 622 | 6,553,560 | ||||
Included in business management costs | 642 | 10,231,200 | ||||
Deduct from health insurance salary, Health insurance, unemployment insurance | 334 | 7,343,333 | ||||
11/30 | 104 | 11/30 | Pay social insurance, health insurance, unemployment insurance | 112 | 26,026,669 | |
11/30 | 105 | 11/30 | Receive social insurance money | 111 | 207,633 | |
Co-arising | 26,026,669 | 32,072,067 | ||||
End of month balance | 6,045,398 | |||||
University of Economics
November 30, 2015
Chief Accountant Treasurer Director
(signed) (signed) (signed)
2.2.6. How to calculate social insurance benefits
According to state regulations, employees during their working time at the enterprise, in case of illness, maternity, work accident, will be examined, treated and rested according to the prescribed regime. During that time, they will receive social insurance paid in lieu of salary equal to 75% of salary. Through leave vouchers and social insurance payment tables.
Table 2.11: Social insurance leave voucher
Cua Lo Urban Environment and Service Trading Joint Stock Company Office Department
SOCIAL INSURANCE LEAVE FORM
Full name: Le Van Ha November 2015
Name of health facility
Date | Reason | Number of days off allowed | Y doctor signed | Actual number of days think | Confirmation of the department head part | |||
Total | From date | By date | ||||||
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
Sick | 2 | 11/7/2015 | November 8, 2015 | 2 | ||||
Social Insurance Accountant Head of Social Insurance Department Chief Accountant
(Signature, full name) (Signature, full name) (Signature, full name)
How to calculate social insurance payments for Mr. Le Van Ha in the Office Department who took 2 sick days in the month, with a salary coefficient of 3.13, the general minimum wage is 1,150,000 VND. The social insurance deduction rate = 75%, so we can calculate the amount of social insurance that Mr. Hoang is entitled to receive as
3.13 x 1,150,000 x 75% x 2 = 207,663 VND
26
At the end of the month, the social insurance leave slip will be attached to the timesheet and sent to the accounting department to calculate social insurance. The leave slip will be attached to the social insurance payment sheet.
Purpose of social insurance payment table : this table is created as a basis for summarizing and paying social insurance benefits paid in lieu of salary to employees. Prepare social insurance settlement report with the superior social insurance management agency.
Recording method and responsibility: depends on the number of people who must pay social insurance benefits in lieu of salary in the month of the unit. Accountants can create this table for each department, division or the whole unit.
Basis for creating this table: When creating the "Social Insurance Leave Voucher", it must be allocated in detail according to each item such as: Sick leave. Work accident leave... in each item, the number of days and the amount of social insurance benefits paid in lieu of salary must be divided. At the end of the month, after the accountant calculates the total number of days off and the amount of benefits for each person and the entire unit, this table is transferred to the head of the unit's Social Insurance Department for confirmation and transferred to the chief accountant for approval. This table is made in 2 copies:
- A copy is kept in the accounting department along with related documents.
- One copy is sent to the superior social insurance management agency for payment of actual expenditure.
Table 2.12: Social insurance payment section
Cua Lo Urban Environment and Service Company Office Department
SECTION OF SOCIAL INSURANCE PAYMENT
November 2015
Number of days off for social insurance calculation
Average daily wage | % social insurance | Social insurance benefit amount | |
2 | 138,442 | 75% | 207,633 |
Social Insurance Accountant Head of Social Insurance Department Chief Accountant (signature, full name) (signature, full name) (signature, full name)
Table 2.13: Social Insurance Payment Table
Cua Lo Urban Environment and Service Trading Joint Stock Company Office Department
SOCIAL INSURANCE PAYMENT TABLE
November 2015
Tt
Full name | Sick leave | Total amount | Signed | ||
Number of days | Amount | ||||
1 | Dang Huy Hoang | 2 | 207,633 | 207,633 | |
Add | 2 | 207,633 | 207,633 | ||
( In words: Two hundred and seven thousand, six hundred and thirty dong )
Social Insurance Accountant Head of Social Insurance Department Chief Accountant (signature, full name) (signature, full name) (signature, full name)
On November 30, 2015, social insurance benefits in the amount of 207,633 were received by Ms. Phan Thi Bau in the accounting department. We have receipt number 184.
Form No. 02TT BHT Decision No. 15/2006/QD/BTC March 20, 2006 by Minister of Finance |
3383:207.633
RECEIPT
Number 184
November 30, 2015
Debit account 111: 207,633 Credit account
Full name of payer : Phan Thi Bau
Address: Accounting - Office Department
Reason for payment: Collecting social insurance benefits paid by the social insurance agency 11/2015
Amount : 207,633 VND
In words : (two hundred and seven thousand, six hundred and thirty-three dong)
Attached : 01 original document
November 30, 2015 Director Chief Accountant Cashier Preparer Payee (signed) (signed) (signed) (signed) (signed)
Received full amount (In words): Two hundred and seven thousand, six hundred and thirty-three dong.
University graduation thesis Supervisor: MSc. Do Song Huong
unmarketable
Hu
2.2.7. Document circulation process by flowchart
BP timekeeping
General Accounting
Chief Accountant
Manager
Treasurer
Department Head
Set up and score
labour
Timesheet
Timesheet
Make a payroll table
Timesheet
Salary payment table
N
Salary payment table
Check confirmation
Audited payroll
Audited payroll
Check
check
Approved payroll
Approved payroll
Check
check
Payroll
approved Payment Voucher
N
Staff
University of Economics
Diagram 2.4: Document circulation sequence diagram
CHAPTER 3: SOLUTIONS TO IMPROVE SALARY ACCOUNTING AND SALARY DEDUCTIONS AT CUA LO URBAN ENVIRONMENT AND TOURISM SERVICES JOINT STOCK COMPANY
3.1. Evaluation of the current status of salary accounting and salary deductions at Cua Lo Urban Environment and Tourism Services Joint Stock Company
3.1.1. General comments on accounting work at Cua Lo Urban Environment and Tourism Services Joint Stock Company
- During the research process at Cua Lo Urban Environment and Tourism Services Joint Stock Company, it was found that the organization and management of production and business is basically appropriate and relatively effective. The production and business process is stable, the revenue in 2015 increased compared to 2014 by 2.2%, which made the profit increase compared to the previous year, showing that the management of all types of costs is quite good.
- Accounting is also used by Cua Lo Urban Environment and Tourism Services Joint Stock Company as one of the effective and indispensable management tools in the financial economic management system. Since its establishment, the company has always focused on accounting.
- The company's accounting team is experienced and highly responsible, always putting their work first to meet the need for quick and accurate information.
- The company's accounting system is quite simple and compact, suitable for the scale of production and business. Accounting staff are arranged reasonably according to each person's ability. Each accounting section is assigned specifically.
- Flexible operations between departments, with mutual support in the company's business process.
- The organization and management between departments are good and continuous. Labor management is highly focused by the company, policies for employees are strictly followed according to State regulations.
- The company's board of directors are highly qualified and have a lot of experience in company management and operations.
- The company is using the computer accounting form of AC soft SME accounting software, this software is quite simple combined with Bookkeeping vouchers. This form is suitable for the scale and nature of production and business, convenient for the division of accounting labor, avoiding duplicate recording, creating consistency between general accounting and accounting for each detailed item.
3.1.2. Comments on salary accounting and salary deductions at Cua Lo Urban Environment and Tourism Services Joint Stock Company
Through studying the actual situation of salary accounting and salary deductions at Cua Lo Urban Environment and Tourism Services Joint Stock Company, based on the basic theories and knowledge we have learned, we would like to make a comment on the company's salary accounting and salary deductions as follows:
3.1.2.1 Advantages:
- The accounting of salaries and salary deductions and the application of accounting books and documents are carried out in accordance with State regulations. Some business book forms are adjusted according to work requirements but still ensure compliance with regulations.
- The salary calculation process always ensures accuracy and consistency within the month and between months of the year. Ensure publicity, transparency and a simple, easy-to-understand, easy-to-do salary calculation method.
- Strict human resource management, comparing attendance with labor statistics to ensure fairness for employees.
- Documents are collected and processed very carefully, scientifically, reasonably, convenient for calculation and checking if necessary.
- The costs of salary, social insurance, health insurance, unemployment insurance, and trade union fees are always calculated accurately and fully according to the State's prescribed rates, allocated correctly to each subject in production and business costs and submitted to the management agency within the prescribed time.
- Salary calculation: Based on the learned theory, there are many ways to calculate salary such as: Time-based salary calculation, product-based salary calculation, piecework salary calculation,... but for Cua Lo Urban Environment and Tourism Services Joint Stock Company with the main type of production and business being business and environmental services, the company mainly applies 2 forms of salary payment: time-based salary payment and piecework salary payment based on work volume. In which, time-based salary is mainly in indirect departments, which is convenient for monitoring time and work efficiency, while direct departments pay piecework salary based on work volume to encourage employees to be responsible for their work and speed up progress.
- Paying salaries to employees on time as prescribed. In addition to salaries, employees also receive social insurance and health insurance bonuses at prescribed rates. This has great significance in encouraging employees to promote their autonomy, motivating them to work enthusiastically and creatively, etc. to bring profits to the company.
- Documents are presented correctly as prescribed, have full signatures, are accurate, and are not erased. Documents are collected and processed very carefully and reasonably, facilitating the calculation process as well as checking if necessary.
3.1.2.2. Disadvantages:
- AC soft computer software has more limitations than other accounting software such as being more outdated,...sometimes causing difficulties for accountants when the workload is large and urgent.
- The salary used as the basis for paying insurance is only the lowest salary stipulated by the insurance, not the actual salary. This affects the rights of employees.
- The accountant tracks salaries based on the timesheets sent by the departments in the enterprise to determine the actual working days of each employee in the month, which is the basis for calculating the salary to be paid to the employee. However, the timesheet only shows the number of working days and days off, not the number of days off.