How to account for increase in provident fund
Recently, many places across the country have announced increases in the housing provident fund payment base and proportion, which has aroused widespread concern among enterprises and employees. Provident fund adjustment is not only related to employee welfare, but also directly affects corporate financial processing. This article will combine hotspot data from the entire network to analyze in detail the accounting method after the provident fund increase, and provide structured data reference.
1. Hotspot data on provident fund adjustment in 2024
| area | Adjust content | Execution time |
|---|---|---|
| Beijing | The upper limit of the deposit base is adjusted to 31,884 yuan | July 1, 2024 |
| Shanghai | The deposit ratio remains floating at 7%-12% | June 15, 2024 |
| Guangzhou City | The lower limit of the base is raised to 2,300 yuan | July 1, 2024 |
| Shenzhen City | The maximum deposit amount is increased to 7652 yuan/month | June 20, 2024 |
2. Accounting process after provident fund increase
1.Confirm adjustment file: Obtain the official notice issued by the local provident fund management center to clarify the adjustment range and implementation time.
2.Recalculate deposit amount:
| Project | Calculation formula |
|---|---|
| personal part | Monthly salary × new deposit ratio |
| unit part | Monthly salary × new deposit ratio |
| total | Personal part + unit part |
3.Account processing example:
| Accounting account | Debit | lender |
|---|---|---|
| Management expenses - provident fund | Unit payment part | |
| Employee benefits payable-provident fund | Personal payment part | |
| bank deposit | total amount |
3. Handling common problems
1.Back payment processing: If the adjustment involves making up for the difference in the previous period, it needs to be recorded separately and noted as "provident fund back payment".
2.Multi-year adjustment: Pay attention to the adjusted pre-tax deduction limit for provident funds when making final settlements for the year.
3.System update: Update deposit parameters in the financial software and payroll system in a timely manner to avoid calculation errors.
4. Practical suggestions
1. Recommended production"Provide Fund Adjustment Comparison Table", listing the data changes before and after adjustment for each employee.
2. Employees whose wages do not reach the lower limit of the new contribution base must pay in full according to the minimum standard.
3. Pay attention to the distinctionGovernment agencies and institutionswithbusiness unitDue to differences in deposit policies, some regions have implemented differentiated adjustments.
5. Analysis of Policy Trends
According to the latest data from the Ministry of Human Resources and Social Security, 28 provinces and cities have completed provident fund adjustments in the first half of 2024, with an average increase of 6.8%. The following trends may appear in the future:
| trend direction | Specific performance |
|---|---|
| Differentiation adjustment | First-tier cities focus on increasing the base number, while second- and third-tier cities focus on floating proportions. |
| Flexibility policy | Some cities are piloting the "basic + supplementary" provident fund model |
| Digital services | The proportion of online processing increased to more than 85% |
Adjustment of provident fund policies is an important part of corporate human resources management. Financial personnel should keep abreast of the latest policies, standardize accounting processing procedures, and ensure compliance operations. It is recommended to review provident fund payment status every quarter to avoid tax risks caused by policy changes.
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