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Jake123456
New Member
August 2, 2026
Question

Quickbooks online - how to catagorise bank transactions where I've withdrawn money

  • August 2, 2026
  • 1 reply
  • 8 views

Hi

I’m struggling to work out how to code payments I’ve taken from my business account.  I think it needs to go under an Equity heading - is that right?

i’ve selected Equity in the account type to create a new catagory.  But then it asks for ‘Detail type’ .  I’m not sure which one it’s supposed to be.

 

Any advice welcome - it doesn’t feel straightfoward

1 reply

J
JaneDave_IQuickBooks Team
QuickBooks Team
August 2, 2026

If you're unsure which accounts to use, it's always a great idea to consult an accountant. They can help keep your books spot-on and make sure all your business income and expenses are categorised correctly. Plus, they know the key differences between owner draws, distributions, and contributions, logging everything properly to help you avoid costly audits, penalties, and tax headaches.

 

Feel free to reply to this post if you need a hand with anything else. We want to make sure you're completely taken care of.

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