What's the difference between traditional salary and accounting salary?

Before the introduction of the new standards in 2006, only the wages payable were accounted for, and after the introduction of the new standards, the wages payable were used. Its accounting content is much more complicated, mainly including wages, employee benefits, social insurance, housing provident fund and so on. What is most relevant to the people we work with is that wages, employee benefits, social insurance and housing accumulation fund are all secondary subjects under the salary payable to employees, which are two basic differences.

The application of employee compensation payable has several characteristics:

The first feature is that this course accounts for all kinds of salaries payable to employees by enterprises according to relevant regulations, which is a meaning of comprehensive salary.

The second basic feature is that this course should be accounted for in detail according to the specific wages, employee welfare expenses, social insurance premiums, housing accumulation funds, trade union funds, employee education funds, compensation for termination of employee labor relations and other payable employee compensation items.