Good day, @Hubcap. Welcome to the Community space.
Let me share some insights about how you can classify your withdrawal transaction.
In QuickBooks Self-Employed (QBSE), withdrawal transactions are categorize as Transfer. Also, there are three categories for transfers: owner's deposit, owner's withdrawal, and credit card payment. As for your case, to ensure the category you'll use to classify the withdrawal, I recommend consulting your accountant. They can confirm the account which best suit for your business needs.
For more detailed information about how the transfer category works, please see this article: Categorize money transfers in QuickBooks Self-Employed.
Additionally, you can create rules to speed up reviews. Doing this helps you automatically classify entries.
Also, feel free to check out this article to learn more about categorizing transactions: Categorize transactions in QuickBooks Self-Employed.
If you have additional questions or concern, please don’t hesitate to let us know. The Community is here to help. Have a good one!
