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Workers compensation summary report

How do I create this report?

Go to the Reports menu, choose Employees & Payroll, and then click Workers Comp Summary.

What this report tells you

This report tells you how much workers compensation insurance you have accrued. The report includes subtotals for each workers compensation code you set up in QuickBooks.

The report also includes subtotals for employees whose default workers compensation code is Exempt and for earnings that were not assigned job code (this row is called No WC Code). QuickBooks does not include these subtotals in the final totals in the WC Premium and Adj. WC Premium columns.

What the columns mean

Note: Workers compensation reports include some, but not necessarily all, of these columns.

Column

Meaning

Gross Wages

The sum of all wages that are subject to workers compensation insurance.

Note: If you compare the Gross Wages in the Workers compensation summary report to the Gross Wages in the Payroll summary report, they might not be the same amount. The Gross Wages in the Workers compensation summary report does not include earnings listed in a paycheck's Other payroll items table, such as tips, which are usually not subject to workers compensation premiums.

OT Premium

The total of overtime premiums.

QuickBooks displays this amount for those users who exclude overtime premiums from their workers compensation calculations. If you do not exclude overtime premiums, you can ignore this column.

WC Wages
  • If you set up workers compensation to exclude overtime premiums from your calculations, WC Wages equals Gross Wages minus OT Premium.

  • If you set up workers compensation to include overtime premiums in your calculations, WC Wages equals Gross Wages.

Hours

The amount of hours your employees worked for the particular workers compensation code.

WC Rate

The workers compensation insurance rate for the workers compensation code.

Note: If a report spans a date range during which a code's rate changed, the report displays two rows for the code, one for each rate.

WC Premium

WC Wages multiplied by the WC Rate.

If you do not use an experience modification rate in your calculations, this is how much you accrued.

Exp. Mod.

The rate for your experience modification factor.

If you did not specify an experience modification rate, QuickBooks sets the experience modification rate to 100% in this report.

Adj. WC Premium

WC Premium multiplied by Exp. Mod.

If you use an experience modification rate in your calculations, this is the amount you have accrued.

Date range

The default date range for this report is last month. You can show workers compensation premiums for a different date range by choosing another date range from the Dates drop-down list.

What do the different date ranges mean?

See also

KB ID# H_RPT_WORKERSCOMP_BY_SUMMARY
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