#299 Monthly direct workers comp
The Monthly Direct Workers Comp supplement is an optional feature available to calculate workers compensation costs each month based on gross wages. It is designed for organizations who choose to charge their workers comp costs directly to programs rather than include them as part of the fringe benefit pool because they have several workers comp codes with a wide variation of rates. This menu item provides two reports - The Monthly Workers Compensation Analysis and the Monthly Workers Compensation by Activity. It calculates the workers comp costs for the month for each employee and distributes the costs to the program element each employee worked on during the month. A journal entry will be prepared so it can be posted to the General Ledger. Once installed, the Accrued Workers Comp menu item on the Payroll Processing menu will be disabled, since it is charged directly using the timesheet information in month end.
There are no costs associated with this supplement.