Current status of salary accounting and salary deductions at Pharmaceutical Joint Stock Company

Monthly salary = minimum salary * Salary according to position and salary allowance

Time salary is applied to departments and management units, calculated according to the Company's salary coefficient, the salary of the administrative manager is calculated according to the coefficient of 3.94, in addition there is a responsibility allowance of 0.2.

The time-based salary calculation method is applied to departments. In addition, the Company also calculates salaries based on sales quota (income) for the Company's sales staff. However, this salary is not fixed but always changes depending on the market situation.

Determining the salary to be paid to employees is based on the salary coefficient of rank, position and responsibility allowance (if any).

In addition, depending on the business performance of the Company, if the Company achieves the revenue target and plan, the officers and employees in the Company will receive an additional salary coefficient of the Company, which can be 1.5 or 2 depending on the profit achieved.

In addition to the salary regime, the company also develops a bonus regime for individuals and groups with achievements in business activities to encourage employees to contribute more to the company's development.

*. Some other modes when calculating salary.

In addition to monthly salaries, employees in the company also receive specific allowances and bonuses such as:

Holiday pay: Paid to workers at the actual salary of 1 working day.

Bonus: Bonuses are divided into 2 types; regular bonus and irregular bonus. Regular bonus is the bonus for achieving the sales target, irregular bonus includes holiday bonus, competition bonus that the Company ranks to reward, however, the Company only implements this bonus symbolically because the Company determines that it is a self-accounting business with high salary and does not need to rely on salary for the Company's employees.

Company salary payment table:

Salary payment table for sales staff (sales contract)

Full name

Contract level

sales

Sales level

number achieved

Salary achieved

sales

Sales Bonus (10%)

Penalty based on sales 8%

Salary payment

Signed

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Date…month…year

Accounting Director Sales Staff

*. Social insurance payment regime at the Company

The Company shall comply with the current regulations of the State in the case of leave due to illness, maternity, accident with confirmation from a medical officer. The leave period for social insurance benefits will be based on the following:

- If working under normal conditions and having social insurance payment period:

I. Under 15 years old will get 30 days off/year.

II. From 15 years to 30 years, get 40 days off/year.

III. Over 30 years old get 50 days off/year.

- If working in a toxic, arduous environment, where there is a regional allowance system

If the number is 0.7, you will get 10 more days off than the normal working conditions.

- If you have a long-term illness with special diseases issued by the Ministry of Health, the time

Social insurance leave not exceeding 180 days/year regardless of social insurance payment period.

- The social insurance benefit rate in this case is 75% of the basic salary.

- With the formula for calculating social insurance salary paid in lieu of salary as follows:

Social insurance salary paid in lieu of salary

Basic salary

= x

26 days

Number of days off to enjoy social insurance

Benefit ratio

x Social Insurance

+. Social insurance payment regime paid in lieu of salary at the Company.

In March 2004, Mr. Nguyen Tuan Anh, an employee of the Company's Service Department, fell ill, with confirmation from a Doctor and Hospital. According to the timesheet, his actual working days were 6 days, and he was on sick leave for 15 days. His basic salary was

is 2.98. According to the current regime, you are entitled to the social insurance salary paid in lieu of salary calculated as follows:

Amount of salary paid by social insurance

salary change =

2.98 x 210000

26 days

x 15 x 75% = 270,800

So Mr. Tuan Anh will receive the social insurance salary paid in lieu of March salary of 270,800 VND.

Social insurance leave certificate (Sick leave certificate) used at the Company

according to the following form:

(Front)

Name of Health Authority Issued according to CV form

............... No. 90TC/CDKT dated July 20, 1999 of the Ministry of Finance

Number of KB/BA

622

SICK LEAVE CERTIFICATE Book No: 127

Number: 037

Full name: Nguyen Tuan Anh Age: 36 Work unit: Kim Bang Pharmaceutical Company.

Reason for leave: Gastric bleeding

Number of days off: 15 days (From March 3 to March 18, 2004)

March 2, 2004

Confirmation of unit manager

Number of days off: 15 days (Signature, Full name)

(Backside)

Social insurance section:

Medical doctor

(Signed and sealed)

Dang Thi Huong

Social insurance number: 01133943564

1 - Actual number of days off entitled to social insurance: 15 days 2 - Accumulated days off with the same regime: days

3 - Monthly salary for social insurance contribution: 270,800 VND

4 - Average daily salary: 24,069 VND

5 - Social insurance benefit rate: 75%

6 - Social insurance benefit amount: 270,800 VND

March 2, 2004

Social Insurance Agency Officer

(Signature, Full name)

In charge of social insurance unit

(Signature, Full name)

Pham Thi Diep

(Note: The back part is based on the sick leave certificate for social insurance.

or hospital discharge papers)

- Social insurance payment table:

After summarizing all the social insurance leave vouchers as above, the accountant makes a table.

Social insurance payment for the entire company according to the following form:

Unit: Kim Bang Pharmaceutical Company Form No. 04 - LĐTL

SOCIAL INSURANCE PAYMENT TABLE

March 2004

Debt 334: 270,800

There are 111: 270,800

Full name	Sick leave		Sick leave		Maternity leave		Accident leave		Total money	Signed
Full name	SN	ST	SN	ST	SN	ST	SN	ST	Total money	Signed
1	Nguyen Tuan Older brother	15	270,800							270,800
	Add:									270,800

(Total amount in words: Two hundred seventy thousand eight hundred dong)

Social Insurance Accounting

(Signature, Full name)

Tracking staff

(Signature, Full name)

Chief Accountant

(Signature, Full name)

* From the social insurance payment table of March 2004, the company's accountant made a payment voucher.

Social insurance pays salary for the entire company.

Company accountant writes cash payment voucher to pay social insurance salary instead of monthly salary

3/2004:

Unit: Pharmaceutical Company

gold chart

Address: Que town - Nam Ha

Tel: 0351.820056

PAYMENT VOUCHER

March 12, 2004

Book number: 02

Number: 43

DEBT 334

COTK 111

Form No.: 02-TT

Decision No. 1141-TC/QD/CDKT

November 1, 1995 of

Ministry of Finance

Recipient's name: Nguyen Tuan Anh Address: Import-Export Service Department - Company

Reason for payment: Social insurance salary payment for March 2004

Amount: 270,800 ( In words) Two hundred seventy thousand eight hundred dong

Attached: 02 original documents Social Insurance Leave Certificate and Social Insurance Salary Payment Table Received full amount: 270,800 (written in words): Two hundred seventy thousand eight hundred dong

March 12, 2004

Unit Head

(Signature, full name, seal)

Chief Accountant

(Signature, full name)

Voter

(Signature, full name)

Receiver

(Signature, full name)

Nguyen Tuan

Older brother

Treasurer

(Signature, full name)

Nguyen Anh

* Accounting documents for social insurance paid in lieu of salary used by the Company include: Leave vouchers

Social insurance and social insurance payment table.

Social insurance leave form:

- During working time, if an employee is sick and is allowed to take leave by the Health Department, the employee must notify the Company and submit a leave certificate to the person in charge of timekeeping. The actual number of days off of the employee is based on the monthly timesheet.

- At the end of the month, the social insurance leave slip, along with the accounting time sheet of the unit, is sent to the Company's accounting department to calculate social insurance. Depending on the number of people who must pay social insurance benefits in lieu of salary in the month of each unit, the accountant can create a social insurance payment table for each department, division, section or the entire company. The basis for creating a social insurance payment table is the social insurance leave slip.

When making up, it is necessary to allocate details for each case: sick leave, sick child, work accident, accident risk, maternity... In each account, it is necessary to divide the number of days and the amount of social insurance allowance paid in lieu of salary.

- At the end of the month, the accountant calculates the total number of days off and the allowance amount for each person and for the entire Company. This table must be confirmed by the employee in charge of the Company's social insurance regime and sent to the chief accountant for approval. This table is made into 2 copies: 1 copy is sent to the superior Social Insurance Fund Management Agency for payment of the actual amount spent, 1 copy is kept in the accounting department along with other related documents.

*. Actual payroll accounting work at the Company:

To ensure the living conditions of the Company's officers and employees, at the beginning of each month the Company advances the first salary. Depending on the basic salary of each person, they can advance their salary according to their needs but cannot exceed their basic salary.

Specifically, in March 2004, the table of salary advance payment for Period I is as follows:

PAYMENT TABLE OF SALARY ADVANCE PERIOD I

March 2004

Unit: Kim Bang Pharmaceutical Company.

Status

Full name	Room	Advance payment period I	Signed
1	Nguyen Xuan Manh	Director	400,000
2	Le Anh Xuan	Deputy Director	300,000
3	Le Hai Duc	Import and Export	300,000
4	Tran Quang Huy	Import and Export	200,000
5	Dang Quynh Hoa	Administration	200,000
6	Vu Thu Ha	Accountant	200,000
7	Phung Anh Tuyet	Accountant	200,000
8	Dao Tat Hung	Import and Export	200,000
9	Mai Xuan Huong	Administration	200,000
10	Nguyen Tuan Anh	Service	200,000
11	Dang Hong Quan	Administration	400,000
12	Bui Minh Nguyet	Service	300,000
13	Nguyen Hai Anh	Service	300,000
14	Save Snow Velvet	Import and Export	300,000
15	Dang Anh Tien	Import and Export	200,000
16	Peach Blossom	Administration	200,000
17	Tran Thanh Tung	Accountant	200,000
18	Pham Thi Diep	Accountant	200,000
19	Vu Kim Long	Accountant	200,000
	Add:		4,700,000

TABLE MAKER

CHIEF ACCOUNTANT	HEAD OF UNIT
(Sign, full name)	(Sign, full name)	(Sign, full name)

Current status of salary accounting and salary deductions at Pharmaceutical Joint Stock Company - 7

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