To set up Workers Comp, Navigate to the 'Company' module and click "Workers Comp".
Select the green [+ New] to add a new workers comp.
Workers Comp Fields:
- Workers Comp Code: Enter a code to identify the worker's comp.
- State: Enter the workers comp state.
- Description: Describe the workers comp to identify the item.
- Rate: used to set the workers comp rate.
- Agency: Enter in workers compe agency (If available).
- Earning/Deduction group: This EDM group will be used to calculate premiums.
- Premium Earnings/Deductions Group: This is used when the agency's workers comp calc method is set to 'EDM Group Amount, No OT Premium, No EDM Group'. When you create that EDM Group you will enter the premium rate in the "Premium Rate" field. Then it factors the Premium Rate out of the calculation.
Once complete, click the green [Save] button to save the Workers Comp.