Hi - a year later! :)
I'm one who has to have the WC codes to report properly to our insurance carrier, as each code is billed differently. I found the 'fix' to the original question to be a great fit for my giant liability balance that was showing. By "not affecting accounts," I was able to clear that balance, keep my codes and my sanity. :)
Thus, by making your employees exempt, I feel you're not going to get the most out of your QB experience and its time-saving reports, as well as making payments easily. You'll always have a minor adjustment to clear to your WC expense account at year-end, but the fix in this thread is working for me, now, as I learned it yesterday! :D yay!
I also learned that this method is the only way to clear credit card payments of the liability, and lower that balance at the same time! So.. the long-time mistake by prior bookkeepers has led to an answer to a two-fold problem!
I hope this helps you, too!
T
