The accounting for industrial injury compensation shall conduct financial accounting according to the provisions of the Standards and the enterprise accounting system. If your company has insured employees, the accounting treatment is as follows: 1. After an industrial accident, advance medical expenses to employees: Debit: other receivables - insurance company or social security loan: cash (or bank deposit)
 2. When the insurance company or social insurance compensation company pays the medicine expenses (if full compensation is made), debit: bank deposit or cash loan: other receivables - insurance company or social insurance 3. If not full compensation, debit: bank deposit management fees or welfare payable (the part borne by the company)
 Legal basis
 Article 14 of the Labor Contract Law of the People's Republic of China (2012 Revision) [Non fixed term labor contract] Non fixed term labor contract refers to the labor contract with no fixed termination time agreed between the employer and the employee.
 An employer and a worker may conclude a non fixed term labor contract upon consensus. In any of the following circumstances, if the laborer proposes or agrees to renew or conclude a labor contract, an unfixed term labor contract shall be concluded unless the laborer proposes to conclude a fixed term labor contract:
 （1） The laborer has worked in the employing unit for ten consecutive years;
 （2） When the employer first implements the labor contract system or the state-owned enterprise restructures and re concludes the labor contract, the employee has worked in the employer for ten consecutive years and is less than ten years away from the statutory retirement age;
 （3） The labor contract is renewed after two consecutive fixed term labor contracts are concluded, and the laborer does not have the circumstances specified in Article 39 and Item 1 and Item 2 of Article 40 of this Law.
 If an employer fails to conclude a written labor contract with a worker at the end of one year from the date of employment, it shall be deemed that the employer has concluded a non fixed term labor contract with the worker.