workers compensation payment
Hello, I have a contractor who is currently is on workers compensation, how do I enter this?
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Is this really a "Contractor" or is it actually an employee ?
Do you pay them via the system's integrated Payroll ? If so, you should have a separate Wages & Salaries subaccount for Workers Comp expense payments. (Note this should still be linked to Gross Payments for STP)
If you're referring to entry of the Workers Compensation reimbursement payment that the employer receives, this can be entered via Make Deposit as there is no GST & it is not tax-code-reportable on the BAS. (NB It is however included at T1 for PAYGI/company tax instalments if applicable)
NB: Due to a long-standing program glitch, the Payee name drops out on a stand-alone Deposit preventing the transaction from displaying under the Payee's transactions list. To correct this, locate the Deposit transaction in your bank account register & add/select the Payee name again here, then Record to save.
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