How to pay for the vacation
Rules for calculating the vacation.
1. How to calculate average earnings
In order to calculate average earnings, you need to consider all types of payments produced by the company, the source of these payments is not important. However, it should not be included in social and other payments that are not wages.
We offer the following formula to calculate:
If the calculation period is worked out as the Sum of payments for the period/(SREDNEE. number of calendar days*12)
If in part – the Sum of payments/number of calendar days in the period
2. The formula for calculating holiday pay:
The average daily salary* number of vacation days
3. Sales tax accrual of vacation time
Holiday pay should be taxed the personal income tax of 13 %. Assessed the amount withheld by the company from operating income on the fact of payment.
In addition, vacation pay accrued social tax – UST, it includes insurance, pension contributions and insurance against occupational diseases and accidents at the enterprise.
4. Accounting vacation
Depending on what accounting policy adopted, the company may create reserves to pay for a vacation, or without a reserve.
If the policy is not spelled out reserve, the vacation will be reflected in the accounting records:
D 20, 25, 26, 44 TO 70, 69
It should be noted that the debit will depend on who is charged leave.
For example, vacation pay for employees will look like this:
Simultaneously with this transaction displays the transaction to the withholding of personal income tax:
If the vacation of an employee is divided into two reporting periods, in this case, the charges are displayed in the period in which they were actually, regardless of when this payment was made. In this case, the amount of vacation payment is reflected in account 97 "deferred Expenses".
If the accounting policy on provision for vacation pay, operations of its formation is as follows:
D 20, 25, 26, 44 TO 96
In this case, the expenditure for vacation pay should be deducted from the reserve:
The payment of holiday pay is made the same way for both accounting policy.