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WorkCover Accrual

Started by Rachel Edwards in Payroll Feature Requests | Idea

I am curious as to why there is no automatic WorkCover liability accrual from the payroll system. All the information needed is already there and it would be an easy calculation. This would then post the actual expense against the monthly payments carried in the balance sheet. As it stands, I will need to do a manual calculation & post a monthly standing journal instead. Given this is a mandatory business item in every state, I was surprised to find it was not already part of the payroll calculations. Are there any plans to incorporate this?