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QuickBooks Team

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Hi there, @FixThis.

 

Yes. Withdrawal transactions are categorized as Transfer in QuickBooks Self-Employed. Thus, both personal and transfer transactions will not affect your self-employment taxes. It'll automatically be excluded from our calculations for estimated taxes or business expenses.

 

You can read this article to know more about the owner's withdrawal: Transfers: Owner's Withdrawal.

 

Also, feel free to check out this article to learn more about categorizing transactions: Categorize and edit transactions in QuickBooks Self-Employed.

 

Please let me know if you need clarification about this, or there's anything else I can do for you. I'll be standing by for your response. Have a great day and be safe.

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