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December 4, 2019
Question

What category do I put against money transferred from business account to personal account as wages for myself?

  • December 4, 2019
  • 1 reply
  • 2 views
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1 reply

Level 13
December 4, 2019

Hey robwilliams1963,

 

 

Wages are typically designated to an expense account, you can create a new expense account for this within your chart of accounts by going to Accounting > New. Set the Account type to 'Expenses', Detail type 'Payroll expenses' and rename this to be how you wish to appear on reports. 

 

 

Thanks