70 the account is designed to summarize all data on remuneration of employees. It takes into account the various bonuses, allowances, reflects the operation of pensions, and to pay profits on securities of the company. In this publication the reader will learn a lot of interesting information about the account “the payments to employees in the wage”, correspondence, balance, and master the material will help the examples.
70 Credit account "payments to employees for remuneration,” captures the following:
70 the debit account reflects cash paid out, which may include benefits, bonuses, wages, and profits from investments in the capital of the company. This takes into account taxes, payments under Executive documents and other deductions. By fixing the amounts accrued, but not paid in a certain period because of absence of the recipient (Д70/K76.3). Analytical accounting under the account is conducted on each employee of the organization.
70 account "payments to employees for remuneration,” interacts debit the following accounts:
To better understand what you can make using a score of 70 transactions, you should familiarize yourself with several examples.
The payment of wages (cash) personnel in accordance with the relevant documentation.
On the Bank account of the employees gross salary (based on extracts)
Salary special Bank accounts
The Repayment of the cost of workwear by the employee according to the statement.
Results branded clothing to staff
Д70/K68 personal income tax
The Operation of income tax deductions an organization
A donation of clothing to the courier enterprise
The Reflection of deductions from salaries of the guilty citizens
The Absence of debt on payment and account closure
Account 70 interacts on loan from the following accounts:
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In an accounting practice account 70 is used in different cases. In the table are considered part of them.
The Operation of payroll employees, performing the actual repairs
Write off the cost of investments in non-current assets
Accounting for the costs of the enterprise, associated with purchase of fixed assets
Accrued cash employees, engaged in service production and of different types of farms.
The Recognition of expenses for restoration of fixed assets as future expenses
And money Transferred to employees providing sales
Accrued cash salary people involved in dismantling of equipment
The Implementation of expenses for payment of labour
In most casesthe balance of the account 70 credit means debt of the enterprise before staff. According to the structure in the General case, the account is passive and is reflected in the relevant section of the balance sheet. In practice, however, there are situations when the cash advance is greater than the accrued wages for the month. This may be the result of a confluence of particular circumstances or arithmetic errors (incorrect calculation and transfer of salaries), then the employee will have to return the money, and the balance is recorded in the debit.
Calculate a salary correctly in the program «1C: Salary and Personnel” possible while respecting the sequence of the location of all the required data in the database. The calculation results are recorded in a payroll register. Some organizations give salary on account cash warrants, which are discharged on each worker. To avoid errors, users of the system 1C, it is recommended to count all the numbers in the payroll, and grant money on the required documents.
For the compilation of accounting documents in the program 1C need to open the menu “Reports” and choose the appropriate option. The document can be in the whole enterprise or within a specific division and group staff. The order of reflection data in the calculation sheet:
The article discussed in detail the 70 account "payments to employees for remuneration”. Knowing his features, the young professionals will be able to correctly perform the required financial transactions.
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Alin Trodden - author of the article, editor
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