This report will show the total wages and workman's compensation wages by employee and will be summarized by the Workman's Compensation Code. This report will normally be run on a monthly basis,but can be run for any time period. This report shows the total wages paid and also the portion of the wages that are under the workman's compensation limit.
If your company does pay workman's compensation insurance, this report can be of great benefit to you. Normally if you rely on the workman's compensation auditor to determine your liability, you will end up paying excessive amounts for the insurance. The auditor does not have time to properly allocate wages between codes, and since he is not thoroughly familiar with your company, he may even incorrectly classify many of your employees. This report can furnish the information needed for an accurate accounting of wages subject to workman's compensation insurance.
The report can be printed for any time period.