The Workers Compensation Payable Report in MicrOpay helps you determine your Workers Compensation liability.
Add a Workers' Compensation code
Go to Payroll, Maintenance, General, Workers Compensation.
Click Add.
Enter a unique Code and Description.
Enter the Percentage advised by your insurer.
Click OK to save.
Add a Workers' Compensation Leave Reason
Go to Payroll, Maintenance, Leave, Leave Reasons
The Workers Compensation checkbox is ticked when the leave reason applies to Workers Compensation. This may affect leave accruals and entitlements.
Leave Type as Other.
You may wish to add a default Cost Account here to be used for all Workers' Compensation payments.
Select the STP Reporting tab and complete the details. Review the Where do I add a new leave reason? article for more information on these fields.
Select OK to save.
Note: Workers' Compensation payments are generally NOT included in Workers' Compensation calculations. Check with your insurer.
Add the Workers Compensation Code to the Employees
Go to Payroll, Maintenance, Employees, and select an employee.
Click Pay Details.
Select the dropdown next to Workers Comp and select the relevant Code.
Workers' Compensation is paid in Timesheet Transactions by selecting Other Leave and then the Leave Reason you have set up for Workers' Compensation.
Add a Workers' Compensation Cost Centre
You may wish to ensure that Workers' Compensation payments are immediately costed to a specific Cost Account.
In the employee details, select Cost Accounts.
Click Add under Other Leave Reasons.
Click the dropdown and select the Other Leave Reason created for Workers' Compensation.
Click the dropdown next to Cost Account and select the relevant account. You can right-click in this field and create a new Cost Account if required. This will override the default Cost Account selected when setting up the Leave Reason in Maintenance.
Click OK.
Select OK to save.
Print the Workers' Compensation Report
Go to Payroll, Reports, End of Pay.
Select the Workers Compensation Payable report.
Tick Include Previous Tax Years if applicable.
Click the dropdown next to Workers Compensation and select the relevant Code.
Click the dropdown next to Pay Components and ensure only applicable components are ticked.
Click the dropdown next to Additions and Deductions and ensure only applicable components are ticked.
If you would like to view a summary of each employee for the period specified, tick the Summary checkbox.
The Totals Only checkbox can be ticked when the Summary checkbox is ticked. This will provide a total for each location.
Include Terminated should be ticked to include the values of terminated employees.
Tick the Default checkbox if you wish to save all selections.