Workers Comp - Adjust Liabilities For Company OR Employee?

Hi there, JustinB75.

I appreciate the detailed information that you've provided me.

To ensure your payroll reports are correct, adjusting payroll liabilities for the employees is also needed. Then, to have the system calculate Worker's Compensation for the updated rate, here's what you'll need to do to edit the rate:

1. Go to the Employees menu at the top. 
2. Choose Workers Compensation.
3. Select Workers Comp List, then locate the code you want to update.
4. Click the Workers Comp Code ▼ dropdown menu.
5. Choose Edit Workers Comp Code.
6. Enter the new rate in the New rate for this code field.
7. In the Start using rate on field, enter the date you want QuickBooks to start using the new rate.
8. Click OK. 

To know more about handling Worker's compensation and how you can do the adjustments, see the below articles:

• Manual Workers' Compensation in QuickBooks Desktop
• Payroll Liability and/or Balance Sheet Report shows incorrect amounts for payroll liabilities
• Adjust payroll liabilities in QuickBooks Desktop

Should you have other questions, do let me know. I'll be around to help. Take care.