I'll help you set up job costs and workers' compensation in QuickBooks, @TammyG2017.
Let's start with Workers’ Comp. You need to set this up before you pay your employees so your reports won’t be incorrect or incomplete. You can turn on this feature by following these steps;
- Go to the Edit menu, then select Preferences.
- Click Benefits & HR and select Company Preferences.
- Under Workers Compensation, select the Track Workers Comp checkbox, as well as the following checkboxes:
- Display message to assign codes to display the Workers Comp messaging in QuickBooks.
- Exclude overtime premium from Workers Comp calculation to show overtime premium as a separate item on your report.
- Select OK, and click OK.
Once done, follow the complete process in this article: Manual Workers' Compensation in QuickBooks Desktop.
To track your expenses for a job, check out this article: How to track job costs in QBDT.
After setting these up, reach out to your accountant for further guide in posting these transactions. This way, we can ensure that your books are accurate.
You can also easily keep track of your sales and expenses using predefined customer, job, and sales reports.
Let me know if you need further assistance with this. I'm always around to provide answers and clarifications to your questions. Have a great day ahead and take care.
