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userfali
September 8, 2023
Question

Worksafe NB premium

  • September 8, 2023
  • 1 reply
  • 0 views

Hello 

I am enquiring work about safe premium calculation.

Question 1.  How can make quick books to calculate work safe premium automatically when I run a  payroll ?

 Question 2. Whether  QuickBooks will generate Journal entry Dr expense and   Cr Liability account and post the journal entry directly to those GL accounts? 

 

Currently I am manually calculating ( collect total gross wage from Total Payroll cost report and calculate based on the rate which us 1.10 per 100 dollars ) 

 

Thanks 

Farzana 

1 reply

T
Trish_T
September 8, 2023

Hi userfali,

 

Thanks for reaching out to us here.  It's important that you're able to set up your WorkSafe premiums in QuickBooks Online Payroll, to ensure accurate calculations.  You can review the New Brunswick Payroll Guide, on our QuickBooks Blog.  However, I do encourage you to reach out to an accounting professional for their expertise for setting this up, in accordance with government guidelines.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

If you have any other questions, feel free to reach out.  We'd be glad to assist!

 

 

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