Add a WorkCover / Workers Compensation Pay Rate

!e-PayDay® Payroll Support Personnel are not registered Taxation or BAS agents (members of the Tax Practitioners Board (TPB)) and, therefore, cannot provide payroll advice. We can assist you in using the software to obtain the desired outcome based on guidance provided by your Accountant or other qualified 3rd parties.

1. Click Pay Types > New Pay Rate or
   Click Pay Types from the Side Bar, Navigate to Pay Type, click on the drop-down menu, change to Pay Rate then click New.
2. In Description, enter WorkCover or Workers Compensation
3. In Paid by, select Per Hour, Per Lump Sum or Per Pay Period.
   1. If accruals (Annual, Personal or Long Service) are applicable, please ensure the Paid By is set to the same as the Accruals Method set in the Employees award & Agreement.
4. In Tax Treatment, select as directed by your Accountant, Bookkeeper, Financial Advisor or Work Cover. We have found the following Tax Treatments are commonly selected,
   • Ordinary Pay    
   • Variable Tax    
5. In Report to enter WorkCover.
6. If required, change the following fields,
   1. Tax
      1. Payroll Tax
   2. Accruals
      1. Long Service Leave
      2. Annual Leave
      3. Superannuation (OTE)
      4. RDO’s
      5. Personal Leave
7. Click Save then Exit.