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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 01-08-2019

Accepted Solutions
QuickBooks Team

Re: 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.

3 Comments
QuickBooks Team

Re: 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.

Established Member

Re: Experience Modifier

Thanks so much! 

Moderator

Re: 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.