Our company pays a flat rate workers comp, then after audit we pay or get back the difference.
I have a database I use for payroll that will tell me how much debt I am accruing for the workers comp each week, and also it will tell me how much is in what construction category (drywall, foundations, framing, etc.).
In QB (contractor 2006) I use items to categorize into these construction categories.
I'm trying to figure out how I can enter these debt accruals into a liability account using items so it keeps track of the construction categories. When I use a general ledger entry I can't use items.
I don't want to enter them as bills, because it shows it as being due now, but it isn't really.
I could show it as a bill due well into the future, but I'd rather show it as just an entry to a current libility account so it doesn't show up in my bills.
Any suggestions?
G Chapp