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hello. I'm new to this I need to start paying myself a wage on fix date. also, I will need to start paying back to myself the start-up cost.
I want to do X amount for wages every week.
then X amount for paying back what I stuck into the business every week.
how can this be done? like a standing order to yourself. and how would you categorise it? ( expenses ?)
Solved! Go to Solution.
I've got your back, @supervandad. I'd be glad to walk you through on how you can pay yourself a wage.
Let's create first an owner's draw account, which will be used to monitor withdrawals from the company's assets to pay yourself as the owner.
Here's how:
Then, let's pay your wage using that account:
You can refer to this article for more insights: Salary or Draw: How to Pay Yourself as a Business Owner
In case you want to review the cheque, we can run the Check Detail report.
Here's how:
You may always compose your response by hitting the Reply button if you need more information on managing your business salaries. You can enlist my help if you need it. Have a wonderful day!
I've got your back, @supervandad. I'd be glad to walk you through on how you can pay yourself a wage.
Let's create first an owner's draw account, which will be used to monitor withdrawals from the company's assets to pay yourself as the owner.
Here's how:
Then, let's pay your wage using that account:
You can refer to this article for more insights: Salary or Draw: How to Pay Yourself as a Business Owner
In case you want to review the cheque, we can run the Check Detail report.
Here's how:
You may always compose your response by hitting the Reply button if you need more information on managing your business salaries. You can enlist my help if you need it. Have a wonderful day!
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