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Level 1

Experience Modifier

I need to adjust the experience modifier and I'm confused when I go to edit exp. modifier in the lower part of the box it says NOT to enter a decimal and I need to enter .74% how do I enter that without a decimal? 

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Best answer January 08, 2019

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QuickBooks Team

Experience Modifier

You've come to the right place, kyconst.

 

I specialize in handling Desktop Payroll concerns, let me lend you a hand in entering the experience modifier.

 

You can enter 0.74% in the Experience Modification Factor field. Rest assured, QuickBooks will recognize this as a percentage instead of a decimal number. Just make sure to enter the percentage (%) symbol.

 

It seems like you have a grasp on this, but allow me to walk you through the steps on how to enter this:

  1. From the Lists menu, select Workers Comp List.
  2. Click the Experience Modification drop-down button, then choose Create.
  3. Enter the appropriate details in the Experience Modification Factor (0.74%) and Start Date fields.
  4. Click OK.

All of this information and more is also available on our guide on how to set up and edit Worker's Compensation.

 

That should do it! With the information you've gained here, I'm confident that you'll be to handle Worker's Compensation in QuickBooks in no time.

 

Keep in touch if here's anything else I can help you with. Thanks for posting in the Community, wishing you and your business all the best.

View solution in original post

6 Comments
Highlighted
QuickBooks Team

Experience Modifier

You've come to the right place, kyconst.

 

I specialize in handling Desktop Payroll concerns, let me lend you a hand in entering the experience modifier.

 

You can enter 0.74% in the Experience Modification Factor field. Rest assured, QuickBooks will recognize this as a percentage instead of a decimal number. Just make sure to enter the percentage (%) symbol.

 

It seems like you have a grasp on this, but allow me to walk you through the steps on how to enter this:

  1. From the Lists menu, select Workers Comp List.
  2. Click the Experience Modification drop-down button, then choose Create.
  3. Enter the appropriate details in the Experience Modification Factor (0.74%) and Start Date fields.
  4. Click OK.

All of this information and more is also available on our guide on how to set up and edit Worker's Compensation.

 

That should do it! With the information you've gained here, I'm confident that you'll be to handle Worker's Compensation in QuickBooks in no time.

 

Keep in touch if here's anything else I can help you with. Thanks for posting in the Community, wishing you and your business all the best.

View solution in original post

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Level 1

Experience Modifier

Thanks so much! 

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Moderator

Experience Modifier

Hi there, @kyconst.

 

It's my pleasure! I'm glad to hear that you found it helpful. 

 

Please know that the Community has your back if you need assistance. Wishing you and your business continued success.

Highlighted
Level 1

Experience Modifier

I accidentally changed the exp mod effective date to this year and instead of 12/01/2019. It will not let me change it back to that date. Any ideas?

Highlighted
QuickBooks Team

Experience Modifier

Hello, @Anna311.

 

At this time, we won't be able to change the starting or effective date of the Experience Modifier. As a workaround, you can delete the incorrect one and create a new code with the correct effective date.

 

To delete it:

 

  1. From the Lists menu select Workers Comp List.
  2. Look for the code under the Experience Modification Factor page.
  3. Right-click then tap on Delete Workers Comp Code.

To create a new one:

 

  1. Click on the drop-down arrow beside Workers Comp Code under the Experience Modification Factor.
  2. Choose New.
  3. Enter the necessary and correct information specifically the date beside Start using rate on.
  4. Tap OK.

For additional details about updating workers compensation setting, you can read this article: About Workers' Compensation in QuickBooks Desktop.

 

Click the Reply button if you have any other questions. I'm always happy to help. Have a good day!

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Level 1

Experience Modifier

Thank you

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