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October 21, 2020
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What category do I enter my monthly drawings? self employed -no vat

  • October 21, 2020
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Best answer by MariaSoledadG

I'm here to guide and help with your monthly drawings category, alieverett72-gma.

 

For now, the option to categorize personal wages in QuickBooks Self-Employed (QBSE) is unavailable. You'll want to use the Owner's Withdrawal category for withdrawal from your Self-Employed finances. 

 

To properly track your salaries and owner’s draw, you may want to consider switching over to QBO Payroll. You can sign up for a 30-day free trial or access the sample company to see how QuickBooks Online works.

 

For more information, please check this article to organise your income and expense of your self-employed business: Categorise Transactions In QuickBooks Self-Employed

 

Please touch base with us if you need further help from us. I'll always make sure to get back to you.

 

You can also check out this article for your reference to know more about QBSE. 

1 reply

MariaSoledadG
October 21, 2020

I'm here to guide and help with your monthly drawings category, alieverett72-gma.

 

For now, the option to categorize personal wages in QuickBooks Self-Employed (QBSE) is unavailable. You'll want to use the Owner's Withdrawal category for withdrawal from your Self-Employed finances. 

 

To properly track your salaries and owner’s draw, you may want to consider switching over to QBO Payroll. You can sign up for a 30-day free trial or access the sample company to see how QuickBooks Online works.

 

For more information, please check this article to organise your income and expense of your self-employed business: Categorise Transactions In QuickBooks Self-Employed

 

Please touch base with us if you need further help from us. I'll always make sure to get back to you.

 

You can also check out this article for your reference to know more about QBSE.