Employee Worker's Comp

This Distribution Entry screen is used to set up a Deduction record for an Employees portion of the Workers Compensation Premium. It is displayed when Distribution Code V is selected on the Distribution Master Selection screen.

Employee Worker’s Comp Entry screen

Description

Enter a Description for this Deduction.

Account Numbers

Employee Liability

Enter the Liability (credit) G/L Account Number to which the employee deduction portion of this tax should be posted, or click the prompt to select from a list. The Application Code for this account must be set to General Ledger. Leave this field blank if entering this information for an Employer only.

Accounts Payable

Vendor Number

Enter a valid Vendor Number or click the prompt to select from a list. If the Vendor Master record is in a different Company/Division than the Distribution record, make the Company/Division selections (below) prior to selecting this Vendor Number.

Company/Division Number

Accept the Company/Division used at login or, if the Vendor Master record is in a different Company/Division, click the Division Number prompt to make new selections from a list. The Company/Division Numbers are used for Inter-company transactions at the detail level.

The Vendor and Company/Division entries will allow a deduction, or benefit, to automatically build an open Accounts Payable transaction.

The following processing occurs during Payroll Update

1. These transactions will update the Accounts Payable batch file with a batch number of 88888.

2. The Liability Account will be used to post the tax liability during Payroll Update. When the batch entries are updated in Accounts Payable, a debit entry will be posted to this account and a credit entry will be posted to the Accounts Payable control account.

3. All of the transactions will be summarized according to Vendor Number/G/L Account Numbers to create one invoice per Vendor.

Note: The invoices will be created during Payroll Update if the Vendor Number is currently set up and is non-zero. The Vendor Number cannot be added to the Vendor Master during this procedure.

	Click to process these entries. New Records: The Check Type Selection screen displays automatically and is used to select the Check Types applicable to this Benefit/Deduction. When finished, click OK to display screens for each of the Exempt Withholding Tax Codes, as described above. Existing Records: Screens will display consecutively for each of the Exempt Withholding Tax Codes that were set to Varies by State or Varies by Local (see, State Exempt Selection screen or the Local Exempt Selection screen). These screens are used to select the States and Locals that should be classified as exempt. When finished, click OK to return to the Distribution Master Selection screen.
	Click to return to the Main Menu without saving changes.
	Click to display the Check Type Selection screen, which is used to select the Check Types that apply to this Benefit/Deduction.
	Click to return to the Distribution Master Selection screen without saving changes.