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G
Gcrocker
February 2, 2022
Question

As a sole proprietor, how do i categorize my quarterly WCB fee?

  • February 2, 2022
  • 1 reply
  • 0 views
Some of my customers require me to carry WCB in order to work on their properties. Therefore I pay for WCB Special Benefits quarterly and I am just unsure how to categorize that in my expenses.

1 reply

T
Trish_T
February 2, 2022

Hi Gcrocker,

 

Thanks for reaching out here.  QuickBooks Online is a dynamic program for all of your daily bookkeeping goals.  It's essential that your categorizing your transactions correctly so you can reconcile with confidence.  I'll be happy to provide more information so you're on the right track.

 

It's always best to reach out to your accountant when there's uncertainty with recording your transactions in cases such as this.  If you don't have one, we can help you locate a ProAdvisor in your local area.  For your reference, here's a helpful article to assist you with your WCB entries.

 

Please feel free to reach back out with any other questions.  We'd be glad to assist!

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