I can share some information about Workers Compensation, @hwilson1.
Currently, you can only setup one expense account for the Workers Compensation. To check the liability and expense accounts assigned to Workers Compensation, check the steps below.
Here's how:
- Go to the Lists menu and select Payroll Item List.
- Right-click on the Workers Compensation item and select Edit Payroll Item.
- Click Next. It will display the liability and expense account associated with the Workers Compensation item.
You can follow the steps listed from our guide on manually tracking Workers' Compensation in QuickBooks Desktop. At the bottom of the page, you can find steps on how to edit the rate, as well as the Experience Modification Factor.
From here, you can run Workers Comp Summary report to calculate your total Workers' Compensation premiums. Check this article on how to run this report: Pay Workers' Compensation premiums in QuickBooks Desktop.
Let me know if you have further questions about Workers Compensation. I'm always here to help. Have a great rest of the day!
