How do I add myself to get paid from my business?

Hello kingcleaning2,

You'll want to set up yourself as an employee on your company file. This way, you'll be paid under your own business.

Here's how to do it:

1. Click Workers on the left menu and go to the Employees tab.
2. Select the Add an employee button and enter your personal information.
3. Click Save.

Make sure that you have an active payroll subscription so you can run your payroll.

You can also use this link as your guide: How to set up QuickBooks Online Payroll and add an employee.

Ken in touch with us if you require additional assistance. Have a great day!

BEFORE you follow advice given - are you a Subchapter S corporation or an LLC electing to be taxed as a corporation? That is the ONLY LEGAL  Avenue that allows you to be your own employee.

Under most situations here owners are not eligible to be employees. If you match most situations then all money is yours and you simply write yourself a check at any time. It is equity reduction and has no effect on your P&L 

Hi John,

I have an LLC.  When I withdraw money from my business account to pay myself, how do I catagorize that transaction in quickbooks?  I think this is possibly what the original question meant.  

Hi AllenBros,

You can set up an owner's draw account and record the transaction you pay from your business account.

I've added this article for the detailed steps: Set up and pay owner's draw.

I'll be around whenever you need help. Keep safe!

Hi, is that different from "owner's pay and equity"?

Hi there, @AllenBros. Let me share some information about the Owner's Draw account.

This account is an equity account used to track withdrawals of the company's assets to pay an owner. When you put money in the business, you also use an equity account. Your chart of accounts could look like this:

Owner Equity (parent account) 
    Owner's Draws (sub-account of owner equity)
    Owner's Capital (sub-account of owner equity)

However, it would be best to ask for professional advice from your accountant about this to make sure your financial reporting accurate. If you don't have one, I can help run as search.

Here's how:

1. Visit the ProAdvisor site.
2. Enter your city or ZIP code in the Location field. It will display a list of accountants or bookkeepers near you.
3. You can also filter the service provided, industry served, and product supported to narrow down the results. 
   

You can check these links on how to record an owner's contribution and drawings:

• Record an owner's contribution or capital investment in your business
• Set up and pay an owner's draw

Be sure to let us know if you have further questions about setting up an account. We're always here to help.