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How to start the Workers Compensation feature in the middle of your insurance year

The Workers Compensation feature can only track your premiums from the time you begin using the feature. There is no way to enter "year-to-date" information for your workers compensation premiums.

If you start using the feature in the middle of your insurance year, you will have to combine the information QuickBooks tracks for you with the information you tracked outside of QuickBooks before you started using the feature, in order to get the full picture of your workers compensation obligations for your insurance year.

Example

Let's say your workers compensation insurance policy begins on August 1 and ends on July 31. Now let's say you begin using the Workers Compensation feature in QuickBooks on November 1.

At the end of the year, on July 31, when you need to assemble a complete picture of your accrued premiums for the year, you will need to run a Workers Compensation Summary report for November 1 to July 31 and combine that data with the information you tracked manually from August 1 to October 31, in order to get the full picture.

See also

KB ID# H_PAY_WC_YTD
9/30/2016 8:10:04 AM
QYPPRDQBKSWS03 9138 Pro 2017 67ded1