Banking
SSC Employer Contribution — Bank Staff (Jordan)
Recording the 14.25% employer SSC contribution for bank employees.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| SSC Expense — Employer (14.25%) | Expense (+) | 12,112.50 | - |
| SSC Payable | Liability (+) | - | 12,112.50 |
💡 Accountant's Note
SSC contributions are a significant payroll cost for large banks with hundreds of employees. They are part of the total employment cost reported in the staff costs line of the income statement.
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