how do you record S Corp quarterly taxes

In an s-corp estimated taxes are a personal event since the s-corp is a pass through entity.

So either take an equity draw in the amount to be paid, and then pay it

or

set up an equity account called est taxes, and use that as the expense for the payment.

In either case the amount is a draw against equity.

Last year's profit would have passed through to each shareholders personal return. Unless you are the only shareholder, and even then. You should avoid paying any personal obligations with company checks. S-corps do not have the same freedom of equity movement that an LLC or sole prop enjoys. First money out to you has to be your reasonable W2 wage. After that if you take distributions or not is immaterial (unless your distribution places you in negative equity-which becomes taxable) since the distribution itself is not taxable, only your paper profit passes through as taxable.

There is no need for bonus pay unless you are falling short on your W2 pay and that would be at year end.

Thank you.

I take a reasonable W2 but left the profits in the company last year and will take a distribution at the end of this year...Just want to make sure we have cash flow.

So for personal estimated taxes, how should I record that in Quickbooks.  previous reply suggested a separate account name.  I can easily set that up.

Hi- Is this good even if there is still an initial investment balance that has not been drawn?

Thanks!