UNIVERSITY OF ECONOMICS AND LAW FACULTY OF ACCOUNTING AND AUDITING GRADUATE THESIS PAYROLL ACCOUNTING AND PAYROLL DEDUCTION AT TIEN DAT WOOD TECHNOLOGY AND JOINT STOCK COMPANY ADVISOR : Nguyễn Hoàng Diệu Hiền STUDENT NAME : Võ Quang Huy REGISTRATION NUMBER :K174050604 CLASS : 405CA HCM CITY, 05/2021 LIST OF ACRONYMS……………………………………………………………….ii APPENDIX LIST……………………………………………………….……………iii LIST OF DIAGRAMS, IMAGES, TABLES…………………………. The urgency of the topic…………………………………………………………. Scope of the study…………………………………………………………………. Methodology of the study………………………………………………………….
The layout of the thesis……………………………………………………………2 Contents Chapter 1. History of Tien Dat furniture corporation………………………………………….1 Area of operations…………………………………………………………….3 Accounting department structure………………………………………………….1 Human resources accounting……………………………………….2 Accounting system policies……………………………………………………. Accounting for salary payable and payroll duduction in Tien Dat wood Technology Joint Stock Company………….2 Organization of accounting salary ……………………….1 Concept, meaning of salary, wages………………….2 Definition of salary deductions.3 The rate of salary deduction ……………………………………………….4 Function and value of payroll deductions………………………………….5 Factors affecting wage…………………………………………………….6 The salary system by level…………………………………………………15 2.7 Form of salary pay in the simple time…………………………………….8 Form of salary pay by the time of the bonus………………………………17 2.9 Form of payment by product………………………………………………18 2.3 Gross salary and net salary………………………………………………….5 Finalization in calculating personal income tax (PIT)……………….3 Personal income tax law in VietNam………………………………………22 2.6 Accounting of dedections in payroll of the employee ’leave of absence” (general accounting for account payable)………………………………………………………27 2.7 Complete salary system at Tien Dat wood Technology Joint Stock Company 2.1 Accounting of salaries, bonuses, allowances, salary deductions for indirect departments (office divisions)……………………………………….2 Accounting of salaries, bonuses, allowances, salary deductions for indirect departments ( workshop divisions).3 Accounting of salaries, bonuses, allowances, salary deductions for factory workers……………………………………………………………………………….4 Accounting of salaries, bonuses, allowances, salary deductions for indirect departments ( sales divisions)…………………………………………………………35 2.5 Calculating social insurance benefits for employees…….6 Accounting of salaries, bonuses, allowances, salary deductions for outsourced staffs…….……38 Chapter 3: Evaluation and recomendation.1 In terms of the accounting work ……………………….2 In terms of salary accounting and salary deductions……….44 LIST OF ACRONYMS 1. SI……………………………………………………………………………………………………Social insurance 2.
UI……………………………………………………………………………………Unemployment insurance 3.Trade union budget 5.Personal income tax 6.Account ii APPENDIX LIST Recording vouchers for salary payble of workshop divisions……………….54 Recording vouchers for salary deductions of workshop divisons……………….55 Recording vouchers for business expenses of workshop divisons……………….56 Recording vouchers for salary payble of office divisions…………………………….57 Recording vouchers for salary deductions of office divisons……………………….58 Recording vouchers for business expenses of office divisons……………………….59 Recording vouchers for tax payable of office divisons………………………….60 Recording vouchers for salary payble of sales divisions………………………….61 Recording vouchers for salary deductions of sales divisons…………………….62 Recording vouchers for business expenses of sales divisons………………….63 Recording vouchers for salary deduction of 3 divisions………………………….…64 Recording vouchers for business expenses of 3 divisons……………………….……65 Recording vouchers for salary payble of facroty workers…………………….66 Recording vouchers for salary payble of 4 divisions…………………………………67 Recording vouchers for tax payable of 4 divisons……………………………….68 Recording vouchers for salary payble of workers from outside……………….…69 Recording vouchers for tax payable of workers from outside…………….73 iii LIST OF DIAGRAMS, IMAGES 1. Operation’s structure diagram……………………………………………………4 2. Accounting department structure diagrams………………………………………6 3. The diagram of accounting book recording process in the form of book entry vouchers……………………………………………………………………………….
Taxes and other payable to State Budget………………………………………. Salariy payable to employees…………………………………………. Indirect department - office division……………………………………………45 8. Indirect department - workshop divisions………………………………………46 9.
Direct department- factory workers……………………………………………. Level of salary based on flat wages……………………………………………. Total products produce during the month………………………………………49 13. Promotion from product that leader can get…………………………………….
Indirect department- sales department…………………………………………. Social insurance benefits for employees………………………………………. Certificate of PIT withholding…………………………………………………. The urgency of the topic Speaking of resources is to mention leadership concerns for workers, from jobs to living standards and living conditions.
Because human factor is the most important in the production and business process of every business and the whole society. Salary is an economic category in the distribution of newly created production and is an important factor to improve the physical and social life for workers on the basis of organizational arrangement. Reasonable labor arrangement and remuneration corresponding to the labor that the employee has dedicated For employees, salary is always a top concern because wages are the main source of income to cover the cost of living to care for yourself and your family.