+ Social insurance, health insurance, unemployment insurance, and trade union fees have been submitted to the management agency.
+ Transfer pre-received revenue to account 511.
+ Other paid and submitted amounts.
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+ Value of surplus assets awaiting resolution (cause of leak not yet determined).
+ Surplus asset value payable to individuals and groups inside and outside the Unit.
+ Deduct social insurance, health insurance, unemployment insurance, and trade union fees into production and business costs.
+ Social insurance and health insurance deducted from employee salary.
+ Social insurance and trade union fees that exceed expenditures will be compensated.
+ Other payables.
Balance:
+ Other amounts payable.
+ Surplus asset value pending resolution.
Outstanding balance: ( If any) Amount paid is greater than amount payable.
Account 338 has 6 sub-accounts.
3381 – Surplus assets awaiting resolution. 3382 – Trade union fees.
3383 – Social Insurance.
3384 – Health Insurance.
3387 – Revenue received in advance. 3388 – Other payables. 3389 _BHTN.
Account 334 Account 338 Account 622,627,641,642
Social insurance paid on behalf of Social insurance, Health insurance, Unemployment insurance, Trade Union contributions Employee salary 23% included in production and business costs
TK111,112 TK334
Pay social insurance, health insurance, unemployment insurance, social insurance and health insurance union fees deducted
Or social insurance and trade union fees at enterprises, employee salaries are 9.5%
wage
Diagram 1.2: Accounting for deductions based on salary
1.6.2.2. Method of accounting for salaries and deductions
Monthly based on Salary Payment Table and related documents
Other agencies in charge of accounting synthesize the amount of salary payable to employees and allocate it to production and business costs according to each employer. The allocation is carried out on the "Salary and Social Insurance Allocation Table". The accountant records:
Debit account 622 - Direct labor costs Debit account 627 - General production costs
Debit account 641-Sales expenses
Debit account 642 - Business management expenses Debit account 241 - Construction in progress
Credit account 334 - Payable to employees
Calculating the bonus to be paid to employees in the month, the accountant records:
+ In case of year-end bonus, regular bonus: Debit account 353 - Bonus and welfare fund
Credit account 334 - Payable to employees
+ In case of rewarding technical innovation, material saving, and labor productivity:
Debit account 642 - Business management costs Credit account 334 - Payable to employees
Meal allowances payable to employees participating in the business activities of the enterprise:
Debit account 622, 627, 641, 642…
Credit account 334: Payable to employees
Deductions from employee's salary: advance payment not fully paid for material compensation, social insurance, health insurance, unemployment insurance that employees must pay, income tax payable to the state budget, record:
Debit account 334 - Payable to employees Credit account 141 - Advances
Credit account 138 - Other receivables
Credit account 338 - Other payables
Credit account 333 - Taxes and amounts payable to the state
Every month, based on the total salary payable to employees in the month, the accountant deducts social insurance, health insurance, unemployment insurance, and trade union fees according to the prescribed rate and calculates them into the production and business costs of the labor-using departments:
Debit account 622 - Direct labor costs. Debit account 627 - General production costs.
Debit account 641 - Sales expenses
Debit account 642 - business management expenses Credit account 338 - Other payables.
Social insurance, health insurance, unemployment insurance deducted from employee's salary: Debit account 334 - Payable to employees
Credit account 338 - Other payables.
Calculate social insurance benefits to be paid to employees when they are sick or pregnant.
Product:
Debit account 338(3383) - Other payables. Credit account 334 - Payables to employees.
Pay social insurance, health insurance, unemployment insurance, and trade union fees to the relevant agency.
Debit account 338-- Other payables.
There are accounts 111, 112.
When spending on union funds at the enterprise: Debit account 338(3382) - Other payables.
Credit account 111 - Cash.
Payment of salaries and other payments to employees: Debit account 334 - Payable to employees
Credit account 111 - Cash
CHAPTER 2
CURRENT STATUS OF SALARY ACCOUNTING AND SALARY DEDUCTIONS AT WATER TRANSPORT JOINT STOCK COMPANY NO. 4
2.1. Overview of Water Transport Joint Stock Company No. 4
2.1.1. The formation and development process of Water Transport Joint Stock Company No. 4.
*Director: Tran Dang Lieu
* Head office address: No. 436 - Hung Vuong Ward - Hong Bang - Hai Phong.
* Phone: (0313)850.454
* Fax: (0313)850.454
Since the mid-1960s, Water Transport Company No. 4 was called KT66, the predecessor of the current Company. When the country was still at war, the unit was assigned by the Ministry of Transport to transport mainly by river transport ships and small barges specializing in transporting oil, coal, and weapons, food, and medicine from the Northeast to the South.
After peace was restored, to meet the urgent rhythm of economic recovery after the war, the name KT66 was abandoned with the existing fleet and additional equipment, the unit was named Enterprise 202. Later, the Ministry of Transport changed it to Bach Dang River Transport Enterprise and operated for nearly 3 years.
In the condition of large transport volume, the crew operating in a wide area of operation, slow delivery methods, the Enterprise's mechanism is not complete, not responding promptly to the production scale, especially the Pha Lai Thermal Power Plant, which consumes 1.5 million tons of coal each year, requiring a stable coal transport team to serve as fuel for thermal power.
Pha Lai Power Plant and Ha Bac Fertilizer Plant, the Ministry of Transport and the Inland Waterways Department decided to split Bach Dang River Enterprise into Company 3, and River Transport No. 3 into No. 4, with the Company's mission being to transport goods, import food and general merchandise.
Water Transport Company No. 4 returned to its familiar traditional product, coal transport, based on Decision No. 2163/TCCB dated December 28, 1982 of the Ministry of Transport on the establishment of Company No. 4, it promptly completed its organizational structure, completed its vehicle system, and quickly went into production and business, continuously completing the assigned plan. The company was awarded a rotating flag, a labor medal, and many certificates of merit.
Despite such achievements, the Company could not avoid difficulties and turmoil when entering the domestic waterway transport market mechanism. Especially in the years 1990-1992, the demand for waterway transport decreased especially for many reasons: old and dilapidated vehicles due to rampant exploitation during the subsidy period now had no capital for repair, new investment capital was not provided by the State, freight rates were low, so production was not enough to cover costs, and the labor force was surplus compared to production and business needs.
Faced with these difficulties, under the leadership of the Party Committee, the Board of Directors and the Company's Trade Union, with sharp policy decisions, with the creative enthusiasm of the staff and workers during the period of stable and developing production and business, the economic growth rate was at a double-digit level and quite even. The Company has affirmed itself and gained the trust of State leaders at all levels.
On July 5, 1993, the Ministry of Transport issued Decision No. 1354/TCCB-LD to establish the State-owned enterprise "Water Transport Company No. 4".
But in 2005, according to Decision No. 926/QD-BGTVT Hanoi dated April 6, 2005, the company was converted into Water Transport Joint Stock Company No. 4.
2.1.2. Production functions and tasks of Water Transport Joint Stock Company No. 4.
2.1.2.1. Functions of Water Transport Joint Stock Company No. 4.
Water Transport Joint Stock Company No. 4 has the following business functions:
after:
- Transport of goods by river and sea.
- Providing services, agents, brokers, buying and selling and transporting all kinds of goods
for domestic customers.
- Salvage sunken vehicles on rivers and components for hydraulic works.
- Repair and maintenance of all types of water vehicles
2.1.2.2. Tasks of Water Transport Joint Stock Company No. 4.
After ten years of renovation, the country has achieved many important achievements in the fields of economy, politics, and socialization in many fields, especially the economic field, creating a process of cooperation and competition with each other. That situation has created favorable opportunities but at the same time encountered severe difficulties and challenges for all enterprises, especially state-owned enterprises in the process of transition from the management mechanism. Waterway Transport Joint Stock Company No. 4 is also one of them.
Faced with that situation, combining lessons learned from many years ago, the 7th Party Congress of the Company in 1998 affirmed the Company's goals and tasks in the new period as follows:
- Maintain and keep the fleet of vehicles.
- Stabilize and gradually develop production and business.
- Stabilize employment, ensure and improve the lives of workers
pill
- Fulfill obligations to the state budget.
- Maintain security, order and safety in the company.
- Building a strong Party organization, management apparatus and mass organization.
2.1.3. Management structure of Water Transport Joint Stock Company No. 4.
Based on the functions and tasks of each production and business activity, the Company has an organizational structure of production and business departments and professional departments, and a reasonable arrangement of labor, ensuring that all production and business activities and all working relationships take place synchronously and in harmony throughout the Company and are unified under centralized democratic direction.
Currently, the company's management apparatus consists of 7 departments, 3 member enterprises and 2 transport teams.
Board of Directors :
The company is headed by the Board of Directors, whose job is to propose solutions for the company, invest capital and facilities, and listen to and approve reports from the director. The Board of Directors is headed by the Chairman of the Board of Directors. Currently, the Chairman of the Board of Directors is Mr. Tran Dang Lieu, who is also the company's director.
Company Director :
As the highest leader, responsible for the company's overall operations in terms of production and business, taking care of the lives of employees, and directly in charge of personnel organization.
Deputy Directors :
Acting as an advisor to the Director and responsible to the Director for the Company's production and business activities. Water Transport Joint Stock Company No. 4 has 3 deputy directors: 1 deputy director of transportation, 1 deputy director of engineering, and 1 deputy director of internal affairs.
Transportation Department