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Liam Woodpecker
Level 1

Register income as a sole trader

I'm not sure how to allocate my income (taking wage) as a sole trader.. I've been selecting owner withdraw. Is that right? 

Solved
Best answer January 04, 2021

Accepted Solutions
John C
QuickBooks Team

Register income as a sole trader

Hi Liam We're not accountants and we recommend that any advise that we give should be qualified by a professional. The amounts that you withdraw as wages can be allocated as owner withdrawal.

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1 REPLY 1
John C
QuickBooks Team

Register income as a sole trader

Hi Liam We're not accountants and we recommend that any advise that we give should be qualified by a professional. The amounts that you withdraw as wages can be allocated as owner withdrawal.

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