For employees who have deducted unemployment benefits from their wages, the accounting treatment is as follows:

1. Wash back the overpaid wages: debit: management fees-wages (in red ink), and credit: wages payable to employees (in red ink).

2. Reversal of overpaid unemployment benefits: Debit: salary payable to employees (red letter), and Credit: other receivables-social security (red letter).

3. When returning employees: debit: other receivables-social security, and loan: bank deposit.

in order to encourage employers to recruit unemployed people, and support unemployed people to find jobs independently, start businesses and flexibly, commercial enterprises and service enterprises that employ people with re-employment preferential certificates that meet the requirements stipulated in the circular may apply for social insurance subsidies from the local labor and social security departments at or above the county level.

what is unemployment insurance?

Unemployment insurance refers to the basic living expenses paid by unemployment insurance agencies to eligible unemployed people according to law, which is a temporary compensation for the wages and income lost by unemployed people during unemployment. Its purpose is to ensure the basic needs of the unemployed, and unemployment insurance benefits are paid from the unemployment insurance fund according to law.