Great to see you here, @anjana-mindfulco.
In QuickBooks Online, there isn't a way to include the subcontractor payments to workers' compensation. To keep track of this, we'll need to set up your sub-contractors as an employee and run a payroll check.
Here's how:
After that, we can already run payroll for that employee.
With regards to adding a custom field in the supplier profile, this is currently unavailable. Alternatively, you can utilize the Other section on the Vendor page.
Moreover, I've attached these links for future reference. It contains insights on how to manage workers' compensation:
Feel free to post again if you have further questions about tracking the sub-contractor. I want to make sure this is taken care of for you. Stay safe, and have a good day!
I am trying to do this but there is a mandatory vacation pay and no way to turn off the tax withholding. Is it advisable to set up a subcontractor as an employee in quickbooks?
I tried to do this but now quickbooks requires a vacation pay input, and there doesn't seem to be any way to turn off the withholding tax, which are typical for employees, but not for subcontractors. Is it going to cause further problems setting up a subcontractor as an "employee" in quickbooks?
Hello ashipka. I'd like to help make sure you're on the right track for achieving your QuickBooks goals. Could you share with me the goal you're looking to achieve in QuickBooks?
Trying to track WCB payments on subcontractors.
Glad to hear back from you. The ability to track WCB payments for sub-contractors is unavailable in QuickBooks. In case you're having issues with the workaround provided above, I suggest consulting an accounting specialist about applying a workaround that provides the results you're for in QuickBooks. In the meantime, feel free to ask other questions. I'm here to help.
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