Hi there, @KatieSocal.
You’ll have to create a check and post it on the Equity account. Since you are a shareholder and work for your business you’re an Employee. This would be only after a reasonable payroll wage has been paid to you through the year for the work you perform for the company.
I'll share the steps on how to write a check to a shareholder. Let me walk you through how.
- Go to + New, then select Check.
- Choose the bank account where your money will be withdrawn.
- Under the Payee drop-down, choose your shareholder's name. Click Add new if you haven't set up your shareholder's profile. Enter the Name and then hit Save.
- Fill in the check fields. In the Category field, be sure to select the Owner's equity you created. The memo field is optional. It appears in the register, on printed checks, and on reports that include this check.
- Snap Save and Close. See the sample image below.
After writing a check, you'll have the option to print the check. Just tap the Print option below. For more information about paying a shareholder, check out this guide: Set up and pay an owner's draw.
Also, I recommend you need to reach to your accountant or tax preparer to determine how much equity is available.
Please know that I'm just a post away if you have any other questions. Take care.
