Workers' Compensation Codes
Use this form to add a new Workers' Compensation Code or edit an existing one. Note that Workers' Compensation Codes are used later when entering timesheets and manual checks (Timesheets and Activities>Payroll> menus), and when reviewing/modifying calculated payroll (Activities>Payroll> menu). Furthermore, the system uses the Workers' Compensation Codes specified when it is calculating pay, creating the accounting entry for payroll, calculating and reporting tax reports, and reporting.
A General Ledger expense and liability account must be assigned on the Workers’ Compensation tab, in order to create an accounting entry. Use the Distribution tab to indicate the distribution of the worker's compensation expense across all other segments.
The following tabs are available on the Workers' Compensation Codes form. Click the link to view detailed information about each tab: