Hi,

This is my first time handling the wsib payment received due to having injured worker. I would like to know how will I make an entry correctly. Should I create other revenue or expense account (based on what I read on wsib website, to declare it as income) "WSIB Payment",  Credit it and debit Bank account?

I have to issue the employee the exact amount received from wsib to and it should be expense account right? thanks in advance.