It would be my pleasure to help you add yourself on a weekly payroll to receive a check, @urnessmju-gmail-.
An S corps needs payroll because the IRS needs to have a way to collect taxes from the business. Therefore, you need to pay yourself a salary if you own a corporation and are engaged in its day-to-day operations.
To do this, set up yourself as an employee in QuickBooks. For detailed steps, please visit this article: Add a new employee to your payroll.
Then, proceed in creating a schedule to pay yourself. Here's how:
Choose the Payroll menu, and select the Employees tab.
Click your name among lists.
Select Edit employee.
Select the How often do you pay [employee]? ▼ dropdown menu. Then select the weekly pay schedule.
Feel free to comment down below if you have further questions about managing payroll in QuickBooks. I'll be around to keep helping you. Stay safe and take care.
This only answers part of the question. When setting this up, we're also faced with the question "what is your company type" -- do we choose Limited liability company or limited liability corporation?
Hope you’re doing great. I wanted to see how everything is going about adding yourself to the weekly payroll concern you had the other day. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time.
Looking forward to your reply. Have a pleasant day ahead!
Need QuickBooks guidance?
Log in to access expert advice and community support instantly.