Workers compensation insurance companies usually change the rates they
charge for each workers compensation code on an annual basis. When you get your
new rates from your insurance company, you can enter them into QuickBooks and
tell the system when to start using the new rates.
Go to the Employees menu, choose Workers Compensation, and then click Workers
Select the code you want to update.
Click the Workers Comp Code button and choose Edit.
In the New rate for this code field, enter the code's new rate.
In the Start using rate on field, enter the date you want QuickBooks to
start using the new rate.
If the date is after that payroll, QuickBooks Workers Comp reports will automatically update the numbers. However, it won't update individual paycheck data and you may need to make manual payroll liability adjustments.
What if my Workers Compensation reports don't match the corresponding liability amounts?
Setting up Workers Compensation
Workers Compensation overview