cancel
Showing results for 
Search instead for 
Did you mean: 
OdieW
Level 3

Monthly YouTube Payments - How to record in QuickBooks?

I am a YouTuber and recently purchased QuickBooks Pro Desktop to help with my bookkeeping.

I receive a monthly payment from YouTube for my videos. How do I record this money I receive each month?  It is income but I also made myself an S-Corp LLC.  So not sure how to record this money.  

1 Comment 1
MariaSoledadG
QuickBooks Team

Monthly YouTube Payments - How to record in QuickBooks?

Let me provide you some information on how to record your monthly YouTube payments in QuickBooks so you'll be guided on how to do it, OdieW.

 

You can create a sales receipt or an invoice for your payments depending on how you receive them. If you receive full payment at the time of the sale, use the sales receipt. But if you didn't receive anything or just a partial payment, you can use an invoice.

 

Also, according to IRS Notice 2008-1, S-corporation medical benefits are provided to employees that are also shareholders owning 2% or more of the corporation is considered a non-Cash Fringe benefit. In QuickBooks Desktop, you can set this up by following this article: How to set up S-corporation medical payroll items. You'll want to reach out to your accountant or tax advisor for the correct way on how to record S-Corp.

 

For your reference, you can use Bank Feeds to connect your bank and credit card accounts so you can download your transactions. Please check this article: Set up bank accounts for Bank Feeds in QuickBooks Desktop.

 

Feel free to let us know if you need anything else with recording your income, The Community is always right here 24/7.

Need to get in touch?

Contact us