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Ckrause
April 21, 2024
Question

QuickBooks Solopreneur: How to get paid

  • April 21, 2024
  • 1 reply
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I just got QuickBooks Solopreneur because I am a single-member LLC and this seemed like the best option for me. Now the big question is how do I pay myself? There is not an "owner's draw" option on my dashboard and there doesn't seem to be any information on how to do this in current articles or forums.

I watched a video on how to separate/keep track of your personal expenses from your business ones but I want to use QuickBooks Solopreneur for my business only. 

How do I send myself a check or direct deposit into my personal account to pay myself?

I don't feel it necessary to get payroll for just me.

1 reply

S
Sherrie_F
April 21, 2024

I appreciate you for reaching out to us here in the Community, @Ckrause.

 

Let me share some insights on how QuickBooks Solopreneur works.

 

To start with, you can record expenses and bills in QuickBooks Solopreneur. This way, you can create separate paychecks for your salaries. However, the option to have a direct deposit is unavailable.

 

With this, I encourage you to upgrade to QuickBooks Online for you to be able to have the option to pay yourself using a direct deposit. You can choose different QBO plan that's best for you and your business.

 

Here's how:

 

  1. Tap on Switch plan or Choose plan for the QBO plan you want.
  2. Follow the on-screen steps. If you want to save a copy of your reports before you move everything, select the Download your reports link.
  3. Select Bring my data if you want to choose which data you move over. If you don't want to move any data and start fresh, select Start fresh.
  4. Once you're ready to move your data to QBO, select To QuickBooks Online. If you see a billing info review screen, select Change plan to start.

 

Alternatively, you can also search for a more suitable management app that suits your business needs. I'd recommend visiting our App Center website or by going to apps.intuit.com. to look for specific software that you can integrate with QBO.

 

Furthermore, I'd still recommend reaching out to your accountant. They'll be able to give you the best course of action for your business.

 

You may also seek help from our accountants through this site: Find an accountant or bookkeeper who loves your business as much as you do.

 

Lastly, I'm adding this article you can always browse for you to have a brief overview of Solopreneurship in QuickBooks: Introduction to QuickBooks Solopreneur.

 

I'll be right here to help if you need anything else. Take care!

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