Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
November 11, 2022
Question

Categorization of Money Transfer (QBO)

  • November 11, 2022
  • 1 reply
  • 3 views

Hello,
I sent money from my company bank account integrated with Quickbooks to my account not integrated with QuickBooks.
Should this transaction be recorded as a "Money Transfer" or "Owner's Draw,"? or should it be saved as an "Expense"?

Thanks. 

1 reply

Rustler
Level 15
November 14, 2022

It is not an expense from what you say, it sounds like a draw