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tech1
Level 1

How do I record a payment to myself as a sole trader?

 
1 REPLY 1
Ashleigh1
QuickBooks Team

How do I record a payment to myself as a sole trader?

Hello tech1, welcome to the Quickbooks Community page, so the way to record a payment for yourself as a sole trader, in your Quickbooks account is you have two options.  One is you can purchase one of our payroll accounts (core or advanced) as an add-on to your current subscription and when you run a payroll, the system will automatically default to the wage category from the payroll. 

 

Or you can create an expense category for wages and then you just create an expense and put it into that wage category to pay yourself. 

 

if you follow these steps 

 

1. go to + new

2. click on expense under supplier

3. add the payee as yourself if not in then click on the add new on the payee (fill in all the info) and save

4. click on category 

5. click on add new fill in the details (as seen below in screenshot)

6. save and close 

7. then you can go ahead and fill in the expense and select the new wage category

8. save and close 

 

If you are still unsure we would advise you reach out and speak to an accountant 

 

 

Any questions please reach out to us again otherwise have a lovely day. 

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