Reports: Workers Comp by Job Summary - Accounting Software Secrets
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Reports: Workers Comp by Job Summary

Reports: Workers Comp by Job Summary

Reports: Workers Comp by Job Summary

New with version 2005 is the ability to assign workers compensation codes to payroll at the time the employee is set up, and when the paychecks are created.  There is also a preference to help control the feature so the balance due for workers compensation insurance is accurately calculated.

Based on the information contained in all of those areas, the result is a variety of standard workers compensation reports available.

Included on the Workers Comp by Job Summary report are Gross Wages, OT Premium (assuming the wages are reduced for the amount of excess included in overtime wages) and the resulting workers compensation wages.  A column is available for the hours.  The WC rate column is multiplied by the workers compensation wages to arrive at the calculated premium amount.  That amount is then adjusted by the experience mod, if appropriate, to arrive at the adjusted worker comp premium.  The report is summarized by job with supplemental summary information by workers comp code.

Trick: This particular report does not show the modification factor, although it is used to arrive at the adjusted premium.

QBRA-2005: Reports > Employees & Payroll > Workers Comp by Job Summary

 

More information on this topic

What’s New in Version 2005

Workers Compensation Reports