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cbscracking-gmai
February 5, 2023
Question

Fund the business 1st before starting to issue a payroll. what we're planning to do is to not take payroll lets say 2mos so we can fund the business 1st is this possible?

  • February 5, 2023
  • 1 reply
  • 0 views
anyone has an insight on this?? please we're kinda stuck on this plan as we're planning to fund the business 1st for lets say 2months of income and us directors working for that and not taking any payrolls for 2months cause the payment from supplier is 45days waiting that's why we came up with this plan we're rrying to get answers if this is possible or is there any other ideas on this kind of matter. thanks in advance any answers will be highly appreciated and sorry we're just starting a business

1 reply

A
Amanda-B
February 6, 2023

Hey there cbscracking-gmai,

 

Welcome to the QuickBooks Community! Thanks for reaching out to us here. Making sure you're recording your transactions properly is an essential step for maintaining clean books. I would be happy to point you in the right direction.


To ensure accuracy in your books, I recommend reaching out to an accounting professional for expert advice on how to handle these types of situations. You can add your accountant to your books by going to the My Accountant tab of your QuickBooks account. You can also find an accountant that has experience using QuickBooks near you by clicking on the Find a pro to help option in that section.


If you have any other questions, feel free to reach out here.

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