I likewise have the same question! I'm a few years Ito doing all my books on spreadsheets, now switching to QB and struggling with the terminology. I need to record payments (expenses) to myself and co-director. Are these wages/directors loans/drawings?
when paying ourselves dividends, are these drawings or one of the dividend types listed?
We have a small Limited business, I refrain from asking my accountant these questions right now as its such a hectic time of year.
Any tips or direction for me as a newbie are appreiciated
