GRADUATION THESIS ACCOUNTING FOR SALARY AND SALARY DEDUCTIONS AT HA NOI – HONG HA BEER JOINT STOCK COMPANYFor production and business enterprises, wages are a significant part of production costs. If enterprises apply a reasonable salary regime, it will create a driving force to increase labor productivity... Salary acts as an economic lever that directly affect employees. Labor costs account for a relatively large proportion of the total production costs of enterprises. Therefore, businesses need to strengthen labor management, accounting for salaries and deductions according to salary needs to be accurate and timely to ensure the interests of employees, creating conditions to increase labor productivity, save labor costs, promote production activities and lower product costs.For employees, salary is extremely important because this is the main source of income to help them ensure a living for themselves and their families. Therefore, wages can be a motivating force for employees to increase labor productivity if they are paid according to their contribution, but it can also reduce labor productivity, making the production process slow down, is inefficient if salary is lower than the labor power of employees. Therefore, the construction and selection of reasonable salary forms so that the salary is both an income for employees to meet their material and spiritual needs, and at the same time makes salary become the driving force for the development of employees and workers. Motivating employees to work better, with a sense of responsibility for their work is really a necessary job.
MINISTRY OF FINANCE ACADEMY OF FINANCE 🙣🕮🙡 GRADUATION THESIS ACCOUNTING FOR SALARY AND SALARY DEDUCTIONS AT HA NOI – HONG HA BEER JOINT STOCK COMPANY MENTOR: Ph.D Thai Ba Cong MSc Nguyen Ba Linh Major: Corporate Accounting Code: 21 HANOI – 2021 STATEMENT OF ORIGINAL AUTHORSHIP I hereby declare that this is the subject of my personal research The digital material in the thesis is truthful and has a binding origin The result of the key has never been published in any other work Ha Noi, February 22th 2022 Student Table of Contents LIST OF ABBREVIATIONS .7 LIST OF TABLES, DIAGRAMS AND IMAGES PREFACE 10 The urgency of the topic: 10 The purposes of dissertation: -11 The object and scope of the dissertation: -11 Research method: -12 The structure of the dissertation: 12 CHAPTER 1: GENERAL THEORY ON SALARY AND SALARY DEDUCTIONS 13 1.1 General theory of salary and salary deductions: -13 1.1.1 Definition of salary and payroll related compensations: 13 1.1.2 State salary system: -18 1.1.3 Remuneration methods in enterprises: -19 1.1.4 Salary fund: 21 1.1.5 Factors affecting salary and salary deductions: 23 1.1.6 Principle of salary payment: 28 1.1.7 1.2 Duties of accounting for salary and salary deductions: 30 Salary deductions: 31 1.2.1 Social insurance: 31 1.2.2 Health insurance: -33 1.2.3 Umemployment insurance: -34 1.2.4 Trade union fee: - 35 1.3 Accounting for salary and salary deductions: -35 1.3.1 Documents for labor accounting, salary calculation and social insurance allowance: 35 1.3.2 Accounting accounts used: 36 1.3.3 Accounting entries for operations related to salary and salary deductions:- 38 1.4 Forms of bookkeeping applied in accounting of salary and salary deductions: -39 1.4.1 “General journal” form of bookkeeping: 39 1.4.2 “Journal – Ledger” form of bookkeeping: -42 1.4.3 “Bookkeepping vouchers” form of bookkeeping: -43 1.4.4 “Voucher Journal” form of bookkeeping: -44 1.5 Accounting of salary and salary deductions in terms of information technology application: 45 1.6 Presenting information of accounting for salary and salary deductions on financial statements: -46 CONCLUSION FOR CHAPTER 47 CHAPTER 2: ACTUAL SITUATION OF ACCOUNTING FOR SALARY AND SALARY DEDUCTIONS IN HA NOI – HONG HA BEER JOINT STOCK COMPANY 48 2.1 2.1.1 Overview of Ha Noi – Hong Ha Beer Joint Stock Company: 48 The process of formation and development of Ha Noi – Hong Ha Beer Joint Stock Company: 48 2.1.2 Characteristics of organization and production in Ha Noi – Hong Ha 50 Beer Joint Stock Company: 50 2.1.3 Characteristics and classification of employees in Ha Noi – Hong Ha Beer Joint Stock Company: -52 2.1.4 Characteristics of the management apparatus organization at Ha Noi – Hong Ha Beer Joint Stock Company: 55 DIRECTOR 56 GENERAL MEETING OF SHAREHOLDERS .56 Administrative Organization Department 56 Finished Product Factory 56 Electromechanical Workshop 56 2.1.5 Characteristics of accounting organization in Ha Noi – Hong Ha Beer Joint Stock Company: 59 2.2 Actual situation of accounting for salary and salary deductions in Ha Noi – Hong Ha Beer Joint Stock Company: 65 2.2.1 Remuneration method and salary caculation method at the company: 65 CN xuất hàng 82 2.2.2 Accounting for salary throughout Ha Noi – Hong Ha Beer Joint Stock Company: -86 2.2.3 Salary deductions: 102 2.2.4 Personal income tax: 118 2.2.4 Accounting for social insurance payments for employees: -118 2.3 General comments on the organization of accounting for salary and salary deductions at Ha Noi – Hong Ha Beer Joint Stock Company: -123 2.3.4 Advantages: -123 2.3.2 Disadvantages: 125 CONCLUSION FOR CHAPTER .127 CHAPTER 3: SOME SOLUTIONS TO IMPROVE ACCOUNTING FOR SALARY AND SALARY DEDUCTIONS AT HA NOI – HONG HA BEER JOINT STOCK COMPANY 128 3.1 Development orientation and principles, requirements for completing the accounting of salary and salary deductions in Ha Noi – Hong Ha Beer Joint Stock Company: -128 3.1.1 Development orientation: 128 3.1.2 Principles and requirements for completing the accounting of salary and salary deductions in the company: -129 3.2 Some solutions to improve the accounting for salary and salary deductions in Ha Noi – Hong Ha Beer Joint Stock Company: 132 3.2.1 Complete facilities and use accounting software: 132 3.2.2 Complete in terms of structure and qualifications of the accounting team: 133 3.2.3 Complete the documents and accounting books: -133 3.2.4 Complete the accounting for salary and salary deductions: 134 CONCLUSION FOR CHAPTER .136 CONCLUSION 137 REFERENCE 139 LIST OF ABBREVIATIONS Abbreviation BHTN BHXH BHYT BKS DGLcđ DGTHS GĐ HSLcđ HSTHS JSC KPCĐ KPICN KPICT NV PGĐ PTP QL TLcđ TNCN TP TTHS VND Full Phrase Bảo hiểm thất nghiệp Bảo hiểm xã hội Bảo hiểm y tế Ban kiểm soát Đơn giá lương cố định Đơn giá thưởng hiệu suất Giám đốc Hệ số lương cố định Hệ số thưởng hiệu suất Joint Stock Company Kinh phí cơng đồn KPI cá nhân KPI cơng ty Nhân viên Phó Giám đốc Phó Trưởng phòng Quản lý Tiền lương cố định Thu nhập cá nhân Trưởng phòng Tiền thưởng hiệu suất Viet Nam Dong LIST OF TABLES, DIAGRAMS AND IMAGES Diagram 1.1 T-accounts of accounting for salary Diagram 1.2 T-accounts of accounting for salary deductions Diagram 1.3 The order of recording “General Journal” form of bookkeeping Table 1.1 A part of Balance Sheet in the Financial Statement Table 2.1 Labor summary of Ha Noi - Hong Ha Beer Joint Stock Company in the period of 2018-2020 Table 2.2 Timesheet of Financial – Accounting Department Table 2.3 Timesheet of Planning – Material Department Table 2.4 Table of salary payment of Financial – Accounting Department Table 2.5 Table of salary payment of Executive Board Table 2.6 Table of salary payment of Planning – Material Department Table 2.7: Fixed salary scale, performance bonus printed in Ha Noi – Hong Ha Beer Joint Stock Company regulations Table 2.8 Table of salary payment of Ha Noi – Hong Ha Beer JSC Table 2.9 General Journal of Ha Noi – Hong Ha Beer JSC Table 2.10 Detailed book of Account 334 from 01/11/2020 to 31/12/2020 Table 2.11 Ledger of Account 334 from 01/11/2020 to 31/12/2020 Table 2.12 Detailed book of Account 338 from 01/11/2020 to 31/12/2020 Table 2.13 Ledger of Account 338 from 01/11/2020 to 31/12/2020 Diagram 2.1: Management structure of Ha Noi – Hong Ha Beer Joint Stock Company Diagram 2.2: Structure of accounting apparatus in Ha Noi – Hong Ha Beer Joint Stock Company Diagram 2.3 Process of recording salary and salary deductions Image 2.1 Salary and salary deductions caculation on Microsoft Excel software Image 2.2 GREEN EFFECT accouting software interface Image 2.3 List of accounts on EFFECT accounting software Image 2.4 Accounting for salary payment on EFFECT accounting software Image 2.5 Salary performance on EFFECT accounting software Image 2.6 Payment order Image 2.7 Accounting for salary deductions on EFFECT accounting software Image 2.8 Cash received note Image 2.9 Tax received note Image 2.10 Accountanting for payment of sick and maternity benefits PREFACE The urgency of the topic: For production and business enterprises, wages are a significant part of production costs If enterprises apply a reasonable salary regime, it will create a driving force to increase labor productivity Salary acts as an economic lever that directly affect employees Labor costs account for a relatively large proportion of the total production costs of enterprises Therefore, businesses need to strengthen labor management, accounting for salaries and deductions according to salary needs to be accurate and timely to ensure the interests of employees, creating conditions to increase labor productivity, save labor costs, promote production activities and lower product costs For employees, salary is extremely important because this is the main source of income to help them ensure a living for themselves and their families Therefore, wages can be a motivating force for employees to increase labor productivity if they are paid according to their contribution, but it can also reduce labor productivity, making the production process slow down, is inefficient if salary is lower than the labor power of employees Therefore, the construction and selection of reasonable salary forms so that the salary is both an income for employees to meet their material and spiritual needs, and at the same time makes salary become the driving force for the development of employees and workers Motivating employees to work better, with a sense of responsibility for their work is really a necessary job 10 ... salary and salary deductions at Ha Noi – Hong Ha Beer Joint Stock Company - Research scope: Accounting for salary and salary deductions at Ha Noi – Hong Ha Beer Joint Stock Company from 18/10/2021... of Ha Noi – Hong Ha Beer Joint Stock Company Diagram 2.2: Structure of accounting apparatus in Ha Noi – Hong Ha Beer Joint Stock Company Diagram 2.3 Process of recording salary and salary deductions. .. organization in Ha Noi – Hong Ha Beer Joint Stock Company: 59 2.2 Actual situation of accounting for salary and salary deductions in Ha Noi – Hong Ha Beer Joint