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October 15, 2022
Question

How can I add/handle interns (WA State) in QuickBooks?

  • October 15, 2022
  • 1 reply
  • 0 views
-How are taxes handled for paid interns?  Are they just like employees?
-For paid internships, what are the WA State requirements?

1 reply

Rubielyn_J
October 15, 2022

Let me provide some information about handling paid interns in QuickBooks, @accounts@haywin.

 

An intern should be treated accordingly – as a student learning about the company, not treated as an employee. That being said, you need to manage them differently in QuickBooks.

 

When we enter transactions for interns, we can simply create a journal entry. If you're not quite sure on what account to use, you may consult first to an accountant. Here's how:

 

  1. Choose + New and select Journal entry.
  2. On the first line, choose an account from the Account field. Depending on if you need to debit or credit the account, enter the amount in the correct column.
  3. On the second line, select the other account you're moving money to or from.Eenter the same amount in the opposite column.
  4. You should have the same amount in the Credit column on one line and the Debit column on the other. This means the accounts are in balance.
  5. Enter information in the memo section so you know why you made the journal entry.
  6. Click Save and new or Save and close.

 

Regarding WA State requirements, I suggest contacting your state for more details. They have the necessary information to ensure that your records are accurate. 

 

Additionally, I'm sharing these links to identify the difference between and intern and employees and how to manage Washington (WA) workers' compensation:

 

 

Feel free to get back in here if you have further questions about managing paid interns in QuickBooks. I'm always around to help you out. Stay safe!