This application is designed to record and track payments made to employees and subcontractors and to calculate the appropriate remittance to your workers' compensation department. This application is designed for small businesses. WCB Assessment supports multiple industries and generates useful reports that you can use to help fulfill the requirements of your workers' compensation board.
Once your employees and subcontractors are set up you will be required to enter the gross payments made and the date of the payment. After the all payments have been entered and you are happy with the data you are required to post the entries where they will remain until the year end at which time they are archived. Archived information can be opened at any time if you are ever required to retrieve information from previous years.
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