Hi there, @iamsickflowzbusi.
Welcome to the Community. For recording purposes, you can add the transaction and categorize it as your business income. Here's how:
- In the Transaction menu, select Add Transaction.
- Enter the 5000 in the amount field and its description.
- In the Select a category menu, choose business income. You can also click the link to learn more about categories.
- Select Save.
Then, for your withdrawal, you also need to add the transaction again using the same steps. But you'll need to find a category that suits best for this withdrawal transaction.
To make sure your books are correct, I'd suggest you speak to your accountant for the proper category to use.
For more information, check out this article: Manually add transactions in QuickBooks Self-Employed. It also includes steps in case you'll adding transactions using mobile apps.
For your future reference, here are other helpful articles about how QBSE handle taxes:
Feel free to visit again if you have other concerns. We're always delighted to help you more.