How Do I Calculate Workers' Compensation?

With Payroll, you can calculate workers' compensation premiums based on parameters you define on the Workers Compensation Policy and Workers Compensation Classification forms.

You can calculate workers' compensation premiums on the basis of current job codes on Employee or on the basis of employee's job codes at the time of payment, provided you assigned workers' compensation classes to job codes on Job Codes.

To calculate the workers' compensation premiums, run the workers' compensation report after payroll is closed. Use the Workers' Compensation Report form to report workers' compensation.