How do I setup automatic calculation of Workers’ Compensation Board (WCB) premiums?

1. Select Payroll>Setup>Pay Types.
2. Select a Pay Type and click Edit. The Edit Pay Type dialogue box opens.
3. Select the WCB check box to include WCB calculations. Click Save.
4. Select Benefits, select a benefit and click Edit. The Edit Benefits dialogue box appears.
5. Select any applicable taxable benefits. Click Save.
6. Select Accounts. Ensure that a WCB expense account is selected.
7. Select Payroll remittance. Ensure that a WCB remittance payable card and a remittance frequency have been set up.
8. Select Employees, select an employee and click Edit. Select the Payroll Information tab and enter a WCB rate (%). Click Save.

Last updated on June 30, 2014 by FCC AgExpert