I've merged bank statement information with QB Self Employed. I'm now going through each individual transaction assigning it a category and rule. Under what 'category' do I allocate any transaction from my business account to my personal account ie wage I pay myself?
Hello Community Users, We just wanted to pop in and add some clarification. When entering wages you pay to yourself you would enter this as owner withdrawal in the Self Employed Quickbooks. Any questions just ask.
Since QBSE does not have a balance sheet, which means there is no equity accounts as there should be, you can't set a category for what should be equity draw. Mark it to ignore or personal, not sure what QBSE has for that.
Hello Community Users, We just wanted to pop in and add some clarification. When entering wages you pay to yourself you would enter this as owner withdrawal in the Self Employed Quickbooks. Any questions just ask.
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