How to pay vacation
Rules for calculating vacation.
1. How is the average earnings calculated
In order to calculate the average earnings, it is necessary to take into account all types of payments made at the enterprise, and the source of these payments is not important. However, it should not include social and other payments that do not relate to wages.
We offer the following formulas for calculation:
If the billing period has been worked out in full - Amount of payments for the period / (average average number of calendar days * 12)
If partially - Amount of payments / Number of calendar days in the period
2. The formula for calculating vacation pay:
Average daily salary * Number of vacation days
3. Tax on vacation pay
Holiday pay must be taxed with a personal income tax of 13%. The accrued amount is withheld by the enterprise from the income of the employee upon payment.
In addition, social tax - UST is charged on vacation pay, it includes insurance pension contributions and insurance against occupational diseases and possible accidents at the enterprise.
4. Accounting holiday pay
Depending on which accounting policy is adopted, an enterprise can create reserves in order to pay for vacation, or without a reserve.
If the policy does not specify a reserve, then the registration of vacation pay will be reflected in the accounting records as follows:
D 20, 25, 26, 44 K 70, 69
It should be noted that the debit will depend on who is entitled to leave.
For example, vacation pay for employees will look like this:
Simultaneously with this posting, the posting to the personal income tax is displayed:
If the employee’s leave is divided into two reporting periods, then the expenses are displayed in the period in which they were actually, regardless of when the payment was made. In this case, the amount of vacation pay is reflected in the account 97 "Deferred expenses".
If the accounting policy creates a reserve for vacation pay, then its formation operations look like this:
D 20, 25, 26, 44 K 96
In this case, vacation expenses should be written off at the expense of the reserve:
Payment of vacation pay is the same in both variants of the accounting policy of the enterprise.