Forum Discussion

CJL05's avatar
CJL05
Experienced User
8 days ago

Workers Compensation setup

I have a part-time employee who has been on reduced hours for a few weeks and is currently receiving workers compensation. Initially, WorkCover was paying us directly, and we were in turn paying the employee. Now, WorkCover has started to pay the employee directly, and is also taking the tax out.

My questions are:
- do I need to include the WorkCover payments made directly to the company when I process the employee's payroll, or do I just process this as per normal, and do a "receive money" entry for the funds paid to us by WorkCover?

- how do I process the WorkCover payments that are now being paid directly to the employee?

- do I need to pay superannuation on the WorkCover payments (in Qld)?

Thanks for your help.

1 Reply

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator
    8 days ago

    Hi CJL05

     

    Thanks for explaining how you’ve been handling the workers' compensation in your payroll.

    Now that WorkCover is paying your employee directly, the easiest way to manage it is to only record pay runs for amounts your business actually pays them. You don’t need to put the WorkCover-paid amounts through your payroll on your side.

     

    Regards,
    genreve