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How to setup multiple WSIB rates for each employee wage income type or province worked in

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Description

  • How to create multiple WSIB rates for multiple incomes types in the farming industry
  • How to setup multiple WSIB / WCB rates for each employee working in more than one province
  • WSIB for multiple labour types
  • My farming company farms many different crops in Ontario. How do I setup the WSIB for each crop / labour type?
  • My employees work under many different WSIB rate groups on one paycheque. How can I record different Premium rates in the paycheque module?
  • How do i set up WCB for multiple provinces in payroll?

Resolution

Notes:

  • For this method, you will not use the Sage 50 standard WCB settings
  • The rate is not able to be calculated based on a percentage of each wage type at this time
  • The percentages must be calculated manually
  1. Go to the WCB & Other Expenses tab of the Employee records
  2. Change the WCB rate to 0.00 for each employee
  3. Click Save and Close
  4. Go to SetupSettingsPayrollLinked AccountsTaxes
  5. Delete (or Backspace key) the accounts listed in the WCB section of PayablesExpenses and Payment Adjustments
  6. In the Chart of Accounts, create the number of WSIB payable (2000 series) and WSIB expense (5000 series) accounts needed. Make sure to set the account classes on each new account your create
  7. The account class for WSIB Payable accounts are Payroll Tax Payable. The account class for WSIB Expense are Payroll Expense
  8. Go to SetupSettingsPayrollOther Expenses
  9. Create / name as many new WSIB expense as you may need according to how many WSIB expenses you created in the Chart of Accounts
  10. Go to SetupSettingsPayrollLinked AccountsUser Defined Expenses
  11. Link the new WSIB accounts accordingly to the proper accounts you created in the PayablesExpenses and Payment Adjustments sections
  12. When doing the paycheque the User Defined Expenses tab will appear
  13. Enter the dollar amounts manually that matches the WCB percentage rate of each income type

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