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mandyboop1
Level 1

What do I categorize money that I transfer out of my business account into personal account

 
1 Comment 1
JasroV
QuickBooks Team

What do I categorize money that I transfer out of my business account into personal account

Hi there, @mandyboop1.

 

You'll want to categorize the transaction as Transfer in your QuickBooks Self-Employed (QBSE). Let me show you how.

 

In your QBSE:

  1. Go to the Transactions menu.
  2. Locate the transaction you want to categorize.
  3. Swipe left for Business under the TYPE column.
  4. Select Transfer under the CATEGORY column.
  5. Once done, click Save2.PNG

You can also check this article for more details: Categorize and edit transactions in QuickBooks Self-Employed.

 

I also suggest consulting with your accountant if you want more tips on how to better record this.

 

In case you need to learn some tips managing your QBSE account, you can always visit our Help articles page for reference.

 

I'll be here if you need further help in categorizing your transactions. Take care!

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