Accounting for personnel payments
Accounting for settlements with personnel is a generalization of data on funds accrued to an employee during the reporting period. This type of accounting is mandatory and has a fairly broad regulatory framework. Settlements with personnel are regulated by the Labor Code of the Republic of Kazakhstan, the Tax Code of the Republic of Kazakhstan and various legislative acts.
Accounting for settlements with employees of the organization is divided into several stages:
- Registration of accrued wages;
- Registration of accrued inter-payments (administrative, annual vacation, sick leave, bonuses, bonuses, other payments).
Remuneration systems
The management of the organization has the right to independently establish a remuneration system for its employees. This directly affects how and by what criteria the further calculation of the amount to be paid will be carried out. The selected system is fixed in the contract and other provisions when hiring staff.
There are the following payment systems:
Time — based;
Simple;
Tariff;
Time — premium;
Piecework;
Tariff- free;
Commission and others.
How are the calculations carried out in the “Daxiko Company”
The amount of money to be paid to an employee is calculated by specialized programs. By agreement with the client, the specialists of Daxiko Company can use the program of our company, or the program that is used in the accounting department of the customer.
Further outsourcing of accounting for paid funds to employees is carried out in accordance with generally accepted principles and regulations that are established by the client himself.
How is the accounting of settlements with personnel carried out step by step?
During the accounting process, our specialists fill in the internal documentation of the company or the documentation established by the State Statistics Service. Payroll statements, payroll tax statements, payslips, and documents for general payments are being prepared.
The forms of documents contain data on accrued advances, inter-payments that were accrued throughout the month, and also the calculation is recorded at the end of the month.
Inventory of personnel settlements
Verification of settlements with staff on wages and other payments is carried out once a year. It refers to the mandatory annual reconciliation of accounting statements.
The inventory of employee accruals includes:
- Checking payroll calculations;
- Checking the calculations of administrative payments;
- Checking vacation accruals;
- Reconciliation of hospital charges;
- Reconciliation of calculations for the reported amounts.
Daxiko Company provides accounting services for payroll settlements with personnel throughout Kazakhstan. Our specialists have a professional approach to solving issues, have extensive practical experience in this field and outsource salaries in a short time.