When paying myself as llc single member Sole proprietor from business checking account to my personal account does that goes under expense in QB or owners pay equity
When paying myself as llc single member Sole proprietor from business checking account to my personal account does that goes under expense in QB or owners pay equity
When paying myself as llc single member Sole proprietor from business checking account to my personal account does that goes under expense in QB or owners pay equity
Neither. Member Draw. You are a "member" of the LLC. Your withdrawal of equity, which this is, is referred to as draw. The opposite is Contribution. You cannot pay yourself but all the money is yours and movement of money business to personal is not a product of or has any effect on profit or loss
When paying myself as llc single member Sole proprietor from business checking account to my personal account does that goes under expense in QB or owners pay equity
How should I categorize that transaction under Quick-books?
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