The prevailing wage rates are set within the payroll work code. Complete the following steps to create a work code for a prevailing wage:
Select Payroll > Work Codes from the main EBMS menu and click the New button. The following new work code dialog will open:
Enter the expense General Ledger Account. This entry identifies the expense general ledger account into which the payroll expenses are posted when the work code is processed within a timecard. It is possible to direct multiple work codes into a single general ledger account to create detailed work code history without using a large number of different general ledger wage accounts.
Enter a Description of the prevailing wage work code.
The Wage Type must be set to Prevailing Wage.
Set the appropriate Workman’s Comp Classification. Review the Workman's Compensation section for more details on this setting.
Click Next to continue to the next page:
Enter a Prevailing Wage Rate if the job costing module is NOT installed. This rate is not applicable with job costing since prevailing wage rates are set per job. Instructions on entering job rates are listed below.
Enter the Work Code Id for the new prevailing wage work code and click the Finish button. Click on the Prevailing Wage tab of the work code and enter the prevailing wage rates for each job. Review the Prevailing Wage Rates section for more details on creating rates.