What is the daily allowance for Social Security?

The daily allowances of the Social Security are an amount collected by a company because of illness . It should be noted that all workers, whether salaried or not, receive daily benefits in the event of sick leave (sickness, maternity, adoption leave, etc.). These allowances are paid directly to the employees concerned . But the company can maintain the wages of the latter, and then collect the allowances: this is referred to as subrogation of the employer. In reality, the accounting treatment of the daily allowances of the Social Security depends on who receives them !

the interest of realizing these auxiliary accounts does not end there because they also allow:

- To reduce the number of entries for each customer or supplier

- To facilitate the lettering of accounts receivable and suppliers

- To save time

- To prepare the annual balance sheet under the best conditions

In other words, when the accounting of an enterprise requires many entries, the auxiliary accounts are indispensable.

The auxiliary balance, a relevant document

Once an enterprise prepares auxiliary accounts, it has the possibility of creating an auxiliary balance which takes the form of an accounting balance listing all accounts payable and customers.

While it is not compulsory, it is essential for business management, since it will make it possible to know in real time the debts to the suppliers but also the receivables held vis-à-vis customers .