Can officer payroll be separated from employee payroll to make cost of goods sold more accurate?

You can set up and pay an owner's draw that would allow you to pay the corporate officers, socksoff.

To start, create an Owners' Equity account by following the steps provided below:

1. Go to the Gear icon, then select Chart of Accounts.
2. Click New, and enter an Account name.
3. Choose  Equity or Owner’s Equity from the Account type dropdown and select a Detail type.
4. Enter the Opening Balance and the starting date in the As of field.
5. You can add a Description to add extra information about this account. 
6. Select Save. 
   
   

Once you have successfully created an Equity account, you're ready to generate a regular check for the officer employee in QuickBooks:

1. Click on + New and choose Check.
2. Select the Payee from the dropdown menu.
3. Choose the bank account from which the money will be drawn.
4. Complete the remaining fields.
5. Click Save and close.
    

Please feel free to leave a comment below with any other questions; our Community Space is here to assist you.