How To Process A WCB Return
What you need to know:
Processing a WCB (Worker’s Compensation Board) remittance is required to record the WCB amount payable for the applicable remittance period. This process clears the related deduction liability accounts and posts the remittance amount to the selected accounts payable supplier, so the amount can be tracked and paid accurately.
Note: WCB is used in this document but encompasses the same instructions for provinces that have a differently named board, such as WSIB, CNESST, etc.
What you need to do:
Ensure all pay cheques are completed for your remittance period.
Confirm that all employee payroll amounts, deductions, and employer contributions have been calculated and posted correctly.
How to (Step by Step):
Click Payroll and select Remittances.
Click New Remittance and choose WCB.
Confirm the remittance Period.
Note: AgExpert Accounting requires a remittance for each remittance period in your fiscal year, so you may have to complete one or more remittances with a total of $0.
Select WCB - Payroll as a supplier under Clearing from accounts and posting to.
Note: WCB - Payroll is a default supplier for new accounts, however if you have migrated your data from AgExpert Analyst you may have a different supplier in your contacts.
Click Review to see all pay cheques included in the remittance period, and the individual Rate and deductions that were calculated from those cheques.
Review the Summary, Deductions and Gross pay numbers in the summary at the top.
Note: The Summary section indicates the amount owed to WCB for the remittance period.
Click Complete WCB return to record the remittance.
Note: Select Cancel at any time to return to the previous screen without making any changes.
References and Additional Resources
Still have questions? Contact support
Contact us at 1-800-667-7893 or email support@fccagexpert.ca if you require additional support. You can find other help options under the Question Mark Icon in the top right of AgExpert Accounting at any time.