Why is WCB not calculating on a non-taxable benefit?

Summary

This article outlines a manual workaround for WCB deductions not calculating on non-taxable benefits in Sage 50 by summing the benefits over a period and adjusting WCB accounts via journal entries or new account creation, as automatic calculation is not available.

Resolution

  1. WCB deductions apply to incomes configured in Sage 50, including federal tax calculations under Setup, Settings, Payroll, and Incomes.
  2. The default benefits income line in Sage 50 is not set to calculate WCB.
  3. There is no automated solution within the system for this issue.

Workaround:

  1. Calculate the total of the non-taxable benefits for all paychecks within the WCB remittance period.
  2. Determine the WCB amount based on this total.
  3. Options for adjustment:
    • Record a general journal entry to adjust the existing WCB account
    • Alternatively, create a new WCB payable and expense account to reflect the calculated amount
  4. For detailed instructions:

Action:

  1. Proceed to remit the WCB balance as calculated.

Solution Properties

Solution ID
223924450034699
Last Modified Date
Tue Feb 13 16:18:24 UTC 2024
Attributes
Product Details
Integrated Product: Blueprints
Views
0