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Jan 30, 2023 7:50 PM UTC
Question

I set up the Worker's Comp (WCB) in Payroll settings but it isn't showing in the Balance sheet as a liability. Do I have to do a manual JE for this? Anyone know?

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1 reply

Jan 30, 2023 8:23 PM UTC

Hi karma-pennywisea, 

 

It's great to have you reach out to us here. I'm glad to learn you're using QuickBooks to help bring your finances into perspective. Rest assured, I'll be happy to share more info so you're on the right track with achieving your goals. 

 

It's vital you're able to record your transactions so your books remain accurate. That being said, I recommend getting in touch with an accounting professional that'll help share expert advice on how to record the journal entry. Doing this helps prevent errors while you get expert advice. In case you'd like to get in touch with accounting professional, I recommend searching for one on our site using this link here. 

 

Let me know if this info helps. I'll be a message away in case you have other questions. Otherwise, I wish you a prosperous rest of the year.