Insured Policies Tab - Billing Info

This tab contains all of the basic details of the insured's policy billing.

 

Field Descriptions

Billing Payroll Reports SubTab

ID No

MyWC assigns a unique ID number to each individual who is added to your database. This number can not be changed and is incremented by one each time a record is saved.

Unit Code

MyWC populates with the code entered on the Policy Units screen/table.

Coverage Period

Enter a number representing the month for billing.

From

Enter the date the billing month begins.

Through

Enter the date the billing month ends.

Description

Enter the description of the type of billing.

Billing Date

Enter the date the billing is remitted.

Due Date

Enter the date the payment is due.

Mark Invoice to be Printed?

Enter a check mark in the box if the invoice is to be printed and remitted by fax/mail.

Cancel for Non Payment

Enter a check mark in the box if the policy was cancelled because no payment was received.

 

 

Billings Line Items Sub Tab

 

 

ID No

MyWC assigns a unique ID number to each individual who is added to your database. This number can not be changed and is incremented by one each time a record is saved.

Class Code

Choose the correct class code from the selection at .

Estimated

MyWC automatically populates with the amount entered on the Policies Policy Units Payroll tab.

Reported

Enter the amount reported on the final application.

 

Payrolls Sub Tab

 

Class Code

Click on the ellipses to the right and choose the correct class code from the drop down list.  Class Codes are defined using the Class Codes option of the Lookup Codes menu    located on the MyWC toolbar.  

Note: that you can use either the Class Code or the Description field to add a new selection by clicking on the add button first and then on the of one of these two fields.

Estimated Payroll

Enter the annual gross total of the payroll cost for the entire staff employed by the Insured.

Full Time

Enter the number of full time staff employed by the insured.

Part Time

Enter the number of part time staff employed by the insured.

Effective Date

Enter the date the policy is made effective for the insured.

Expiration Date

Enter the date the policy is due to expire for the insured.