The wage fund is the amount of funds of a business entity intended for the payment of wages.
In the implementation of any production process should be taken into account various costs with the aim of establishing accurate cost of production. One of the significant expense items – salaries. It means that directly are going to pay for this expenditure, forms the wage Fund. This indicator can be represented in a formula as follows:
PH = OZ DZ OS, where:
- OZ - the main salary of employees;
- DZ – additional salary
- OS – deductions to various social funds.
On the basis of dividing the wages in the main and additional, there are various funds for its payment.
The Fund for the payment of the basic earnings are calculated based on the sum of prices for finished products multiplied by the planned volume. We should not forget about outstanding awards to key workers, which is calculated on the basis of 60% of salary.
Thus, the basic wage should be equal to the amount of charges and premiums. It may also include such additional payments as financial aid, the award for special merits, etc.
When calculating salaries of employees are taken into account monthly salary, number of employees according to staffing, the number of months in which they worked, and the ratio of outstanding awards.
Accrual for payroll
In accordance with applicable law, the amount of wages are made the relevant accrual in the amount of 39.5%. From the resulting amounts are transferred to the various insurance funds amount in the following amounts:
- 29% - Pension Fund;
- 3.6% - medical insurance;
- 5.4% - social insurance;
- 1.5% - employment fund.
The main purpose of the PHT
Economists the term is used quite successfully in production planning and in the implementation of management functions in the financial sector entity. In fact, they determined the total amount of personnel costs which may be incurred by the company in the current month, quarter or year. When this is taken into account the relevant actual figures of the previous period and analyzed to substantiate their payments. So, in the process of implementation of such monitoring reveals one-off payments that can be avoided in this period, but must be taken into account and additional costs associated, for example, with the release retirement (may be paid an additional allowance), or increased financial aid (for high results of work).
Based on the practice, the wage fund is formed by the average. The relevant parameters are taken into account for at least three previous periods.
Features of the FOT definition
If we are talking about the enterprises of the trade sector, the wage Fund is formed from the calculation of projected sales. This is due to the fact that the enterprises of this sector operates a piecework system of payment, and employees accrued wages as a percentage, based on the volume of sales. The same principle applies in the manufacturing sector of the economy.
In the service sector in predominantly time-based system, involving the calculation of wages for hours actually worked.
Thus, the wage fund in the projected amount is laid in the structure of the planned costs. This indicator is reflected in cash flow, as well as in the formation of the enterprise budget.
Differences in the amount of payroll in the formation of cost and salary payment
On hearing the terms of the actual salaries and expenses of the entity in this article quite in tune, but must be aware of their fundamental differences. When calculating the amount of the cost of the finished product should be used accrual basis (under consideration owed to employees payments). Sometimes the actual payout differs from accruals in connection with the transitions part of the salary for the next month. So, often the payment is made in two stages: advance and final payment for the month. And that second part may be paid in the first week of the following month.
Sample fund formation
For example, in may employees at the company has a payroll in the amount of 7 million rubles. In the same month, in the beginning, paid balance of salaries of April in the amount of 1.5 million. Also produced the results of advance payment for may in the amount of 3.5 million. Therefore, actual payment of wages was 5.0 million (1,5 3,5), and payroll – 7 million rubles.
Summing up the material presented, we can formulate the following conclusions:
– Payroll needs to contain all accruals owed to employees for performance of their functional duties during the month in which the calculation was made. The result may not be in any other reporting period.
– The amount of funds intended for the payment of salaries, should include the amount of all cash payments, based on the obligations of a business entity by calculations with workers whose time has come. Therefore, this amount may include obligations for the current and prior periods.