WorkCover Rates in your Payroll Software

Elite Payroll Software is designed with small business in mind.

Elite Payroll Software includes a list of current WorkCover rates and classifications. It uses these to calculate the amount of WorkCover liability for each employee.

Adding or editing a WorkCover rate

1 From the Lists Menu, choose WorkCover Rates.

2 To add a WorkCover Rate, click Work Cover>New.
To edit a WorkCover Rate, select the rage you wish to change and then click Work Cover>Edit.

3 Number – Enter the six-digit WorkCover Classification number.

4 Description – Enter a description of the WorkCover Rate. This is usually the name of the WorkCover Rate.

5 Amount – Enter the WorkCover amount. This rate needs to be entered as a percentage (cents per dollar) rate . For example, if you are entering 3% enter 3.0000.

6 Click OK.

Deleting a WorkCover rate

To delete a WorkCover rate, select the rate, click WorkCover>Delete and then click OK to confirm that you want to delete the rate.

Applying a WorkCover Rate to an employee

The WorkCover Rate for each employee is selected on the Employees List – Taxation Tab.

See also

Workers Compensation and WorkCover – Overview

Enter a payment when processing a pay

Enter a payment or claim through the Workers Compensation list

Enter a payment or claim through the employee record

WorkCover Report