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Presto_0016
Level 1

1. The money I have withdrawn to our personal account 2. Money transferred from Amazon to payoneer account How can I categorize them most accurately?

 
2 Comments 2
katherinejoyceO
QuickBooks Team

1. The money I have withdrawn to our personal account 2. Money transferred from Amazon to payoneer account How can I categorize them most accurately?

Welcome and thanks for sharing your first concern in the Community, @Presto_0016. You can create a journal entry to record the withdrawal you've made to your personal account. 

 

Then, Decide how you want to reimburse the money. You can either record the reimbursement as a check or as an expense. Here's how: 

 

  1. Go to the + New menu, then select Expense/Check
  2. Select a bank account to use to reimburse the personal funds.
  3. In the category column, select partner's equity or owner's equity.
  4. Enter the amount of the reimbursement.
  5. Select Save and close.

 

To record the funds you transferred from Amazon to Payoneer account, you can follow the steps to transfer funds between accounts. It also includes steps to match a transfer in your imported bank transactions. 

 

Please let me know if you need anything else. I'd be glad to help.

 

 

katherinejoyceO
QuickBooks Team

1. The money I have withdrawn to our personal account 2. Money transferred from Amazon to payoneer account How can I categorize them most accurately?

Hi Presto_0016

 

Hope you’re doing great. I wanted to see how everything is going about categorizing your transactions concern you had yesterday. Was it resolved?

 

Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time.

 

Looking forward to your reply. Have a pleasant day ahead!

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