Workers Comp Rates

1. Overview of Feature

Workers comp rates in CenPoint are used to automatically calculate how much you owe for Worker’s Comp. insurance. If you pay a flat rate for workers compensation every month, you will not need to utilize this feature. However, if your payments fluctuate depending on the hours/dollars paid towards specific types of work (more dangerous work tends to have a higher rate), then you can benefit from this feature.

2.  Define your Worker's Comp. rates

a. To define your Worker’s Comp. rates go to File > List Management > Worker’s Comp rates.

b.  This screen will display a list of all your defined rates, to create a new rate, click add new.

c. Give your rate a description. 

d.  Click 'add' to add a rate with an effective date. (you can have multiple rates under this description, which allows you to track changes over time, or create different rates for different states) 

e. Add your rate, then press 'ok' to save. 

f. Add in any future dated rates (if needed, way to be on top of things!), and then press okay to save.

g. Repeat the above steps to add in any other rates, then move to step two.

3.  Assign rates to each task.

a. First go to File > List Management > Tasks > Tasks

b. Modify each task, and assign one of the rates we previously set up in step 1 under the Worker's Comp. column.

4.  Assign rates to clock in/out categories

If applicable for you company, you can assign a worker’s comp rate to a clock in category.

Once you have your worker’s comp rates set up go to File→List Management→Clock in/out categories

Modify or Add a Clock in/out category and assign a worker’s comp to it.

For more information use the following link:https://help.cenpoint.com/docs/clock-inout-categories

Congratulations, you have finished setting up Workers Comp

To learn more about Worker's Comp. rates see . . .

Run Workers Comp Report

Correcting Workers Comp Errors