How to correctly generate accounting entries for wages

Any entrepreneurial activity is inevitably associated with costs. And not only material, but also the costs of living labor.

An important point is the correct reflection of the salary in the accounts of accounting, therefore it is required to compile the correct accounting entries for wages. It should be noted that the personnel of the enterprise is divided into workers and employees - managers and specialists. This must be taken into account in order to make the correct wage entries.

To account for wages, as well as other payments (hospital, vacation, financial assistance, etc.), a synthetic account is used 70. All accruals to the employee fall on the credit of this account, and deductions are taken into account (personal income tax, alimony, etc.) And directly the issuance of wages.

It is worth noting that the salary of staff is included in the costs of the enterprise and are reflected in the debit of the corresponding "cost" accounts. So, the wage entries are formed in the following order.

• In the debit of 20 accounts the salary of workers of the basic shops gets. For each type of manufactured products, it is possible to open sub-accounts.
• Under the debit of 23 accounts reflect the salary of workers of auxiliary manufactures. For example, such wiring accrues the wages of workers in the repair shop, if such exists in the enterprise.
• In the debit of account 25, the costs associated with production as a whole and relating to all types of manufactured products are collected. Such wage entries, for example, reflect the salary of the shop manager.
• The salary of managerial employees falls into the debit of 26 accounts. Thus, the calculation of the salary of employees of the administration, accounting, legal department, IT department and other units is reflected.
• In the debit of account 28 reflect the wages of those workers who are engaged in the correction of marriage.
• In the debit of account 29, the costs of the servicing units are charged. This is done if the company has a canteen, a kindergarten, a sanatorium for workers, etc. Then the remuneration of the people working in these units should be reflected in this way.
• In the debit 44 accounts will fall the salary of workers responsible for the sale of products. This posting charges the salaries of sales managers when the company has its own outlets, the wages of employees of this store, as well as employees of trading enterprises.

By the way, insurance premiums fall into the debit of the same accounts as the salary, and on the loan - to account 69.

However, this is not all the nuances associated with the calculation of wages. There are situations when, for example, workers mount new equipment, take part in the acquisition of this equipment or other production stocks. Then the account 70 credit corresponds to the accounts 07, 08, 10, 11 and 15.

If the employee should accrue temporary disability benefits or any other payment at the expense of the FSS, then account 69 is debited.

Also in the correspondence with the 70th account, such accounts as 84 or 86 are debited. Such postings indicate the accrual of material assistance and various benefits, including income on employee shares of the enterprise (Дт 84 accounts), accrual of payments due to targeted financing (Дт 86 Account).

Also, the current legislation provides for the possibility of creating a reserve for payment, for example, remuneration for long service or vacation pay (this is the case when the employee's leave falls on two or more accounting periods). Then the corresponding expense accounts are debited first, and the account is put on credit 96. Subsequently, the amounts of such accruals are debited from the debit of 96 accounts on credit 70.

Now you know how to make wage entries. I hope that this information will be useful to you, and accounting will become much clearer to you.