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RR18
January 5, 2021
Solved

Self Employed- How to categorise my wage & record pension payments

  • January 5, 2021
  • 1 reply
  • 0 views

Hi, 

I am using Quickbooks self employed. 

I would like to know how to correctly categorise the payments I make to myself, and also the payments I make into my personal pension fund. I have no employees.

Currently I have my wage and pension under 'Wages and Other Staff Costs'. Is this correct? 

Thanks.

Best answer by EmmaM

Hello RR18, We can only give general advice not being accountants but wages for yourself may be put under owners withdrawal if you are  paying yourself or your pension it states on the categories article not to use wages or other staff costs as a category, more information on categories can be found here

1 reply

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EmmaMAnswer
January 5, 2021

Hello RR18, We can only give general advice not being accountants but wages for yourself may be put under owners withdrawal if you are  paying yourself or your pension it states on the categories article not to use wages or other staff costs as a category, more information on categories can be found here

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