AccountEdge Knowledge Base

Oregon Workers Benefit Fund

The Workers Benefit Fund (WBF) assessment — this is a payroll assessment calculated on the basis of hours worked by all paid workers, owners, and officers covered by workers compensation insurance in Oregon, and by all workers subject to Oregon's Workers Compensation Laws (whether or not covered by workers compensation insurance). Employers report and pay the WBF assessment directly to the State with other state payroll taxes. The WBF assessment funds State programs that directly benefit injured workers and the employers who help make it possible for them to return to the workforce.

WBF Assessment*

To implement WBF in AccountEdge

This implementation is suitable for payroll categories (deduction and expense) that are based on hours worked, where contributions are made by employer and employee. If the contributions are made by the employee only, do not implement the employer expense portion.

You'll need to create a Payroll Deduction for the employee portion, and an Expense for the employer's portion:

1. Open the Payroll Deductions list (Lists > Payroll Categories > Deductions)
2. Click the New button
3. Name it: WBF - Employee
4. Type of Deduction: Equals $0.014 Dollars per hour
5. Deduction Limit: No Limit
6. Click the Employee button to associate the employees with the deduction
7. Click OK

1. Open the Payroll Expenses list (Lists > Payroll Categories > Expenses)
2. Click the New button
3. Name it: WBF - Employer
4. Type of Expense: Other
5. Expense Basis: Equals 100% of WBF - Employee
6. Expense Limit: No Limit
7. Click the Employee button to associate the employees with the expense
8. Click OK

The deduction and expense will automatically be recorded during the payroll process. Salaried employees will be assessed with the number of hours based on the employee's pay frequency.

When the assessment rate changes, you'll need to update the Deduction.