Workers Comp Rates

Overview of Worker’s Comp Rates

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.

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

Run Workers Comp Report

Correcting Workers Comp Errors

Worker’s Comp on Desktop

Define Worker's Comp. Rates on Desktop

To define your Worker’s Comp. rates go to File → List Management → Accounting → Worker’s Comp rates.

This screen will display a list of all your defined rates. To create a new rate, click ‘Add New’.

To edit a defined rate, highlight it and click ‘Modify’.

Give your rate a description. 

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) 

Add your rate, then press ‘OK’ to save.

Note: The “Effective” date can be placed in the future, allowing you to pre-schedule different Worker’s Comp Rates if so desired.

Assign Rates to Each Task on Desktop

Go to File → List Management → Quotes, Jobs, & Invoices → Task Options → Tasks

Find your desired task, highlight it, and click ‘Modify’.

Assign the task a Worker’s Comp category from the dropdown.

Assign Rates to Clock In/Out Categories on Desktop

For more information on Clock in/out categories, see the following link:

https://help.cenpoint.com/docs/clock-inout-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 → Users → Clock in/out categories

Highlight a Time Clock category and click ‘Modify’. Select the desired Worker’s Comp category from the dropdown.

Click the OK button (hidden by the dropdown in this screenshot) to save your changes and close the window.

Congratulations, you have finished setting up Workers Comp!

Worker’s Comp on Portal

Define Worker’s Comp. Rates on Portal

To define your Worker’s Comp. rates go to More → List Management → Accounting → Worker’s Comp rates

This screen will display a list of all your defined rates. To create a new rate, click ‘Add’.

To edit a define rate, click the Ellipsis → Modify.

Give your rate a description

Click ‘Add’ to create a new rate. (You can have multiple rates under this description, which allows you to track changes over time or create different rates for different states).

Add your rate, then press ‘OK’ to save.

Note: The “Effective” date can be placed in the future, allowing you to pre-schedule different Worker’s Comp Rates if so desired.

Assign Rates to Clock In/Out Categories on Portal

For more information on Clock in/out categories, see the following link:

https://help.cenpoint.com/docs/clock-inout-categories

If applicable for your 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 More → List Management → Users → Clock In/Out Categories

Click on the Ellipsis → Modify of your desired Clock In/Out Category. Click on the ‘Worker’s Comp’ dropdown menu to select the desired worker’s comp rate.

Click the OK button to save your changes and close the window.