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ivanna0505
Level 2

Paying to owner on irregular basis

Hi guys,

Hope you could help me.

 

Owner is withdrawing some amounts when needed, we call it "salary", but actually it isn't since the amounts are different and frequency is "as needed".

Need to say, Owner invested in previously - transferred some amounts to company's bank account.

How do I record it? as Expense or Equity and which exactly?

 

Thank you in advance! 

1 Comment 1
Candice C
QuickBooks Team

Paying to owner on irregular basis

Good afternoon, @ivanna0505

 

It's great to see you back in the Community. I hope your day is going well so far. 

 

I'm unable to directly tell you how to record this information into QuickBooks. However, an accountant would be able to give you the best advice for this particular situation. If you don't have one, you can check out this link to find one near you. 

 

If you have any other concerns, don't hesitate to ask. I'm always here to lend a helping hand. Have a great day! 

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