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K
kuggarvtr-outloo
February 5, 2023
Question

How do I catoragorize withdraws for personal wages taken when self employed

  • February 5, 2023
  • 2 replies
  • 0 views
Original commenter did not share additional details

2 replies

G
GeorgiaC
February 7, 2023

Hi kuggarvtr-outloo, thanks for joining the Community - you would categorise wages/money you pay yourself as an owners withdrawal - you can see our guide here for full info on this. 🙂

K
kuggarvtr-outlooAuthor
February 8, 2023

Hello thanks for the reply, 

However I can't see a catoagory for owners withdraw at all

 

G
GeorgiaC
February 8, 2023

Hi kuggarvtr-outloo, apologies for any confusion, as these steps are for QuickBooks Self-Employed - if you're using QuickBooks Online, please reach out to your bookkeeper or accountant for support in categorizing the transaction. If you don't already have an accountant, you can find a certified QuickBooks advisor near you here. 

G
GeorgiaC
February 9, 2023

We recommend consulting with your bookkeeper or accountant if you're unsure of which account to use for this on the Simple Start plan - the accounts in QuickBooks Online are entirely customizable, and we're unable to advise which to use in this scenario. 🙇‍♀️

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