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I'm a general contractor & electrical contractor & have 2 wsib rates. Staff work on const & on elec jobs. Employee profile only allows 1 rate I need 2 for each employee.
Welcome to the QuickBooks Community! It sounds like you're in the process of setting up Payroll with QuickBooks Online. That's going to make paying your employees and keeping track of payroll taxes a breeze. Setting up your employees with the appropriate jobs and corresponding worker's compensation rates is an important part of keeping your payroll organized and accurate. Let me explain how you can do this.
While QuickBooks Online Payroll doesn't yet offer the ability to add multiple worker's compensation rates, QuickBooks Online Advanced Payroll does. It'll allow you to set up more than one job for each employee, and as a result you can set up multiple pay rates. QuickBooks Online Advanced Payroll is migrating to Wagepoint as a standalone service, but if you're already using Advanced Payroll, I'll explain how you can do this.
To add another job for an employee in QuickBooks Online Advanced Payroll, follow these steps:
Go to the Payroll tab..
Select Edit next to the employee you want to update.
Navigate to the Employment tab.
Select Add job.
In the new window that opens, enter the information for the second job. You'll see a field for Worker's compensation rate.
If you're using QuickBooks Online Payroll (formerly Standard Payroll) and want to make the switch to Wagepoint for some of the different features it offers, that's still an option for you. You'll just be directed to different website. Here's a Standard and advanced payroll feature comparison chart so that you can take a better look at the features offered in both to make your decision.
Since these two payroll offerings are separate systems, there are some important steps that you'll need to take before switching from one to the other, especially if you've already been running payroll. Here are some steps to ensure you're prepared for the migration:
Run and print/export your payroll reports. Try the Payroll Detail report for some important year-to-date data that will be helpful with setting up your new payroll service.
Prepare your PD7A.
Change the status of your employees to Not on payroll status in the Employment tab of their employee profile and run change of provider ROEs.
Make sure you have saved all of your employee information for easy input into Wagepoint.
Both QuickBooks Online Payroll and Wagepoint have a lot to offer. You've made a great choice running payroll with us and I'm here if you need more support!