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Does your payroll fluctuate monthly? We have the solution for you!
Monthly Reporting
What is monthly reporting? Monthly reporting is exactly what it sounds like – you report your actual payroll, each month, rather than estimating annually.
Why should you do monthly reporting?
- Premium is based on actual payroll resulting in more accurate premium payments
- Reduces the risk of large additional premium audits
- Could improve cash flow by allowing smaller deposits and eliminating large down payments
How do you report monthly payroll?
- Through our user-friendly online portal
- The monthly premium is calculated automatically for you
- Pay through the portal the same time you report
For monthly reporting there is a 10% deposit which is carried over and applied to the renewal premium.
Please note enrolling in monthly reporting can only be done at your policy renewal. If you are interested or have additional questions regarding monthly reporting, please contact our Billing Department.
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