Self Employed- How to categorise my wage & record pension payments
Hi,
I am using Quickbooks self employed.
I would like to know how to correctly categorise the payments I make to myself, and also the payments I make into my personal pension fund. I have no employees.
Currently I have my wage and pension under 'Wages and Other Staff Costs'. Is this correct?
Self Employed- How to categorise my wage & record pension payments
Hello RR18, We can only give general advice not being accountants but wages for yourself may be put under owners withdrawal if you are paying yourself or your pension it states on the categories article not to use wages or other staff costs as a category, more information on categories can be found here
Self Employed- How to categorise my wage & record pension payments
Hello RR18, We can only give general advice not being accountants but wages for yourself may be put under owners withdrawal if you are paying yourself or your pension it states on the categories article not to use wages or other staff costs as a category, more information on categories can be found here
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