Account 69 in Accounting

Account 69 in accounting is a way of reflecting generalized information on the calculation and payment to the budget of the amounts intended for social insurance and security. This includes such types of deductions as:

• pension (PF RF);
• social (FSS RF);
• health insurance (FFOMS).

Funds can be transferred at the expense of the employer or deducted from the employee's salary.

About state social funds

It is worth noting that, as such, the concept of UST (single social tax) does not exist today. Accountants use the abbreviation of habit. The tax itself was abolished on January 1, 2010. Instead, mandatory social security payments were introduced into the respective funds. The general principles of charging and payment remained unchanged.

Consider the main state social insurance funds and their purpose:

• PF - pension fund - extra-budgetary, intended for payment of funds after the end of labor activity upon reaching retirement age, for length of service or for loss of a breadwinner.
• FSS - Social Insurance Fund - guarantees payments in case of accidents, payment of sick leave and maternity benefits. In addition, it finances certain types of spa trips.
• FFOMS - the Federal Compulsory Medical Insurance Fund - allows you to use guaranteed medical care services.

The company transfers funds to each fund separately, for which it opens an account 69 and the corresponding operations of the subaccount.

Accounts 69.00 analytical accounting

In the course of the company’s activities, account 69 occupies a special place. Sub-accounts are opened for the following types of transactions:

• accounting for social insurance of employees (subsch. 69.1);
• accrual and transfer of contributions to the Pension Fund of the Russian Federation (subaccount 69.2);
• payments for compulsory medical insurance of employees (subsch. 69.3).

If the organization makes payments for certain categories of social insurance, the company's charter regulates the use of additional sub-accounts of the accounting account 69.

The procedure for calculating social payments

Unified social tax, transferred to the relevant state funds, calculated on the basis of the employee's salary. It should be borne in mind that deductions are made for any type of income, whether it is a bonus or an official salary.

Required social payments are part of production costs. Deductions are made monthly at the appointed time. The time limit regulated by the Tax Code of the Russian Federation is the day of receipt of money at the bank provided for wages for the worked month. The transfer of social tax funds should be completed no later than the 15th day of the next month.

Interest rates

The amount of taxes payable is calculated for each fund separately. The calculation is based on tariff rate established by the Tax Code. For 2016, the percentage of the amount of payments from employee income is:

• Pension Fund - 22%.
• Social Insurance Fund - 2.8%.
• Federal Compulsory Health Insurance Fund - 5.1%.

Total total contribution rate will be 30%. Some businesses are taxed at a reduced rate:

• organizations operating under a special regime are taxed at a rate of 20%;
• Skolkovo participants have the right to deduct only 14% to the Pension Fund;
• intellectual property companies contribute a total of 14% to all social insurance funds;
• ship crew employers are taxed at zero rate;
• a reduced tariff of 7.6% is available in the Crimea.

It should also be taken into account that exceeding the limit of the base used for calculating insurance payments entails an additional charge of 10% in the PF and 5.1% in the FFOMS of the excess amount. For 2016, the limit amounts for the FSS were set at 723 thousand rubles, and the PF - 800 thousand rubles. The rule does not apply to users of a reduced rate.

Insurance Compensation

The amount transferred to the FSS of the Russian Federation can be reduced if the employer paid the social insurance expenses of employees at the expense of the enterprise. This includes benefits:

• on sick leave;
• maternity payments;
• one-time payment at birth;
• child care up to 1 year 6 months;
• during adoption;
• for caring for a disabled child;
• social payment for burial.

In addition, the legislation establishes the purchase of vouchers for sanatorium-and-prophylactic treatment at the expense of the FSS (the fund restores the company's costs). It should be borne in mind that the list does not include all categories of citizens.

Changes in account 69 transactions in 2016

The account 69 reflects many business transactions, and any legislative change in the rules for calculating payments should be taken into account by the auditor. From this year, the following requirements entered into force:

• the amount paid to the employee upon dismissal is not subject to UST only if it does not exceed three times the average monthly income;
• social deduction canceled payments from travel expenses;
• mandatory became transfers to the PF from the income of foreign workers.

If the rules are not followed, administrative responsibility measures are applied to the employer.

Account 69 in Accounting: Structure

The social insurance payment account is passive: crediting is made on credit, and debit is debited. Unlike many other accounts of accounting for the sources of the enterprise, account 69 is characterized by a detailed balance. This means that at the end of the reporting period, the accountant calculates both the credit balance and the debit.

It turns out that account 69 in the balance sheet is reflected both in the asset and in the liability. Sections in which you can find account data:

• “Current assets” (article “Other debtors”).
• "Short-term liabilities" (article "Debt to state. Extrabudgetary funds").

The accrual of amounts can be seen in the debit of production accounts, which reflects the wages of employees. One account is always credited - 69.

Characteristics of the balance of the debit of account 69

The opening and closing balance reflected in the financial statements of the enterprise contains valuable information on social contributions. Consider the characteristic of the debit opening balance:

1. Indicates the amount of debts owed by the UST - the total amount of cash paid to the employee at the expense of the FSS of the Russian Federation.
2. Shows the process of transferring social tax to budget funds.
3. Reflects the accrual of social benefits at the expense of state insurance.

The final balance in the debit of account 69 summarizes the amount of the receivables of the state to the enterprise. The reason for the formation of the balance at the end of the reporting period is the need to reimburse the company paid the amount of social insurance or overpayment of UST.

Credit balance of account 69

A social insurance tax is being accrued on the credit of the account, so the initial balance in the loan will indicate the presence of debt to the state under the UST. Each subaccount has a separate balance, which makes it easy to see which payments were not made.

At the end of the reporting period, the credit balance indicates the total amount of debt on mandatory payments to the budget and the Pension Fund. After calculation, the data are transferred to the balance sheet liability and reflected in the financial statements of the enterprise.

Account Postings 69

Errors in the preparation of account assignments lead to a mismatch in the balance sheet indicators.As an example, consider the correspondence of accounts for possible business operations of an enterprise.

It is necessary to clearly distinguish between debited accounts when calculating social benefits. For employees of the main production, only account 20 can be used. Administration salaries and, accordingly, social charges are reflected in account 26.

Account 69 in accounting is subject to rigorous audits of the tax service and is one of the main indicators of the financial situation at the enterprise.