Workers' Compensation Overview
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Workers’ compensation codes are used to determine workers’ comp premiums for employees.
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Workers’ compensation codes are used to determine workers’ comp premiums for employees.
A deduction is a monetary amount subtracted from an employee’s taxable income that reduces the amount paid on a pay statement.
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Life Event Enrollment is a special enrollment period outside of a company’s standard open enrollment period.
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Open Enrollment is a period when employees choose their benefit options, ensuring coverage for themselves and their families.
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A general ledger is a journal containing accounting transactions related to a company’s assets, liabilities, equity, revenue, and expenses.
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Earnings identify different types of employee compensation for services provided. Earnings can also include specific parameters such as accounting rules, tax laws, and reporting requirements.
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The pay statement, also known as a pay stub, includes the details of the employee’s pay for that pay period. Pay statement details help employees understand their pay and check for inaccuracies.
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