The Wage Data Your Workers’ Comp Audit Needs
Workers’ comp premiums are driven by classified payroll. Fintra gives you accurate wages by department, employee, and earning type from the same engine that runs payroll.
Wage data for comp audits
Workers’ compensation premiums are calculated on classified payroll, and annual audits reconcile estimated wages against actual. Fintra’s payroll reports give you the accurate, auditable wage base those audits need - by department/cost-center, by employee, and by earning type.
| Report | What it provides |
|---|---|
| Labor cost by department | Wage cost split by department / cost-center |
| Earnings record | Per-employee earnings by type over the year |
| Payroll summary | Total wages and taxes for a period |
| Employee details | Classification-relevant employee data |
Honest scope
Why classified wages matter
Because every earning line carries a code and every employee a department/cost-center, wages can be attributed to the right cost center - the foundation for class-code allocation and an accurate audit, without hand-rebuilding numbers from stubs.
Inside Fintra
The same wage-by-department detail powers the GL export’s wage-expense split, so your books and your comp audit reconcile to one source.
Frequently asked questions
Does Fintra calculate workers’ comp premiums?
Not yet - a dedicated workers-compensation premium report is a documented stub. Fintra provides the accurate wage and labor-cost data (by department, employee, and earning type) that a comp audit is built from.
What data supports a workers’ comp audit?
Labor-cost-by-department, per-employee earnings records, and payroll summaries - all sourced from the same engine that pays employees, so the wage base is auditable.
Can wages be split by department?
Yes. Every employee carries a department/cost-center and every earning line a code, so wage cost is attributable to the right cost center.
Does this reconcile with accounting?
Yes - the same wage-by-department detail feeds the GL export’s wage-expense split, so comp audit data and your books share one source.
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Comp audits without the scramble
Pull accurate, classified wage data straight from payroll.
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