How do you handle the books of an HR company? What are the main business costs?

1. Human resources company's accounting treatment:

Basic accounting treatment is similar to that of the general business, the provision of intermediary services, pay business tax, business tax has subcontracting services to be deducted from the other side of the cost.

Labor companies should be invoiced in full, the content of the invoice can be issued labor fees, etc., according to the collected labor fees minus the balance of wages paid to the dispatched personnel, social security and housing fund, etc. to pay business tax, the rate of 5% (additional taxes and fees are levied according to the approved tax rate)

(1) receipt of labor fees, invoices:

Borrow: bank deposits

Loan: main business income

(2) Accrue the salary of labor dispatchers and the social security and housing fund borne by the enterprise:

Borrow: main business cost

Loan: payable employee compensation - salary

Payable employee compensation - -Social Security

Payable Employee Remuneration - Housing Provident Fund

(3) Payment of dispatched staff's salary:

Borrow: Payable Employee Remuneration - Salary

Credit : Cash on hand

Other payables - social security and provident fund borne by individuals

Taxes payable - personal tax

(4) Payment of social security and provident fund:

Borrow: Employee remuneration payable --Social Security

Remuneration payable to employees -- Housing Provident Fund

Other payables -- Social Security and Provident Fund borne by individuals

Credit: Bank deposits

(5) Accrued business tax and surcharges:

Borrow: business tax and surcharges

Credit: Taxes payable - business tax

Taxes payable - urban construction tax

Taxes payable - education surcharge

2. Cost of main business:

The "cost of main business" in the income statement reflects the cost of the enterprise's current sales of products or services, that is, the cost of products. In a market economy, the cost of products is crucial for enterprises.

According to the requirements of the Accounting Standards for Business Enterprises (ASBE), the cost of products includes direct materials, direct labor and manufacturing costs.

Detailing the main operating costs:

(1) Direct materials.

Direct materials refer to the cost of raw materials and materials that directly constitute the entity or major part of the product after processing.

Direct materials can be categorized into raw materials and primary materials, auxiliary materials, purchased semi-finished products (purchased parts), spare parts for repair (spare parts), packing materials, fuel, packaging, and so on. In the production process, the value of direct materials once all transferred to the newly produced products, constituting an important part of the product cost.

(2) Direct Labor.

Direct labor refers to the wages, bonuses and various allowances of the workers consumed in the production of materials directly processed to make the product, as well as a prescribed proportion of welfare costs.

Direct labor consists of two main components: employee wages and employee welfare costs. According to the National Bureau of Statistics, total wages include the following six components: hourly wages, piece-rate wages, bonuses, allowances and subsidies, overtime and overtime wages, and wages paid under special circumstances.

Employee welfare expenses refer to the funds that an enterprise is prepared to spend on employee welfare. After using the labor skills and knowledge of the employees, the enterprise should pay the wages to the employees in accordance with the prescribed standards, but also must bear the obligation of the personal welfare of the employees. The source of employee welfare is based on 14% of the employee's total wages, specifically for the employee's medical expenses, the wages of medical personnel, employees injured in the line of duty to go to overseas medical expenses, the employee's living difficulties, the welfare department staff wages.

(3) manufacturing costs.

Manufacturing costs refers to the production units of the enterprise (such as production workshops) in order to organize and manage the production of the overhead costs incurred.

Manufacturing costs are an important part of product costs. Specifically, manufacturing costs include wages and benefits (refers to the part of the workshop management personnel to withdraw), depreciation, repair, office expenses, utilities, machinery and material losses, labor protection costs and other manufacturing costs.