Hi there, Manjula. Thanks for reaching out to us here in the Community! Let me share some information about how QuickBooks Online works and guide you on withdrawing profits.
QuickBooks Online is designed to record and track financial activities, including revenue, expenses, profits, and other transactions. While QBO helps you accurately calculate and record your profits, it does not support the withdrawal of funds directly.
To access your profits, you’ll need to process the withdrawal through your bank or financial institution outside of QuickBooks.
Additionally, I recommend consulting an accountant for guidance on handling your withdrawals, making informed decisions about profit allocation, and ensuring compliance with financial regulations.
If you have any further questions or concerns, feel free to reply here. We’re always here to help.
