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andycottonpm
Level 1

How do I pay myself without payroll, I am a sole trader and have no other person working with me.....thank you in advance

 
Solved
Best answer May 11, 2020

Accepted Solutions
Rose-A
Moderator

How do I pay myself without payroll, I am a sole trader and have no other person working with me.....thank you in advance

Hello, andycottonpm.

 

Let me help you go over to your account and have yourself paid. You can create a cheque to pay yourself and take the funds out from the owner's draw.

 

Here's how to create a cheque:

 

  1. Select + New.
  2. Under Suppliers, choose Cheque.
  3. Enter the date and the necessary information.
  4. Select Save and close.

Upon sharing this solution, I still suggest consulting your accountant first for proper guidance. He/She might have additional instructions on how to pay yourself accurately.

 

To know more about this process, you can check out this article: Salary or Draw: How to Pay Yourself as a Business Owner.

 

In case you want to know some "How do I" steps in QuickBooks Online, you can always visit our Help Articles page for reference. You can also check out the QuickBooks Blog site for product updates as well as business tips from other accountants.

 

I wish you continued success. Let me know if you have any other questions. Have a good one!

View solution in original post

1 REPLY 1
Rose-A
Moderator

How do I pay myself without payroll, I am a sole trader and have no other person working with me.....thank you in advance

Hello, andycottonpm.

 

Let me help you go over to your account and have yourself paid. You can create a cheque to pay yourself and take the funds out from the owner's draw.

 

Here's how to create a cheque:

 

  1. Select + New.
  2. Under Suppliers, choose Cheque.
  3. Enter the date and the necessary information.
  4. Select Save and close.

Upon sharing this solution, I still suggest consulting your accountant first for proper guidance. He/She might have additional instructions on how to pay yourself accurately.

 

To know more about this process, you can check out this article: Salary or Draw: How to Pay Yourself as a Business Owner.

 

In case you want to know some "How do I" steps in QuickBooks Online, you can always visit our Help Articles page for reference. You can also check out the QuickBooks Blog site for product updates as well as business tips from other accountants.

 

I wish you continued success. Let me know if you have any other questions. Have a good one!

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