How do I record company director payments?

Hi there escalona_r,

It's important that all your transactions be entered for your books to be well balanced. QuickBooks Online is a great tool able to help you keep track of sales, expenses, and other financial aspects of your business and allows you to access it from anywhere with an internet connection. I can point you in the right direction for assistance with entering this payment.

Depending on what this payment is for, there will be some differences in the method to enter this. If this is a payment to reimburse the director for expenses they paid with personal funds, you can follow the steps in this article. If It's to pay them, I recommend reaching out to your accountant to see the best way you should pay them. Their expertise will be able to tell you the transaction type to use and the accounts to affect to make sure your books are balanced. You can invite your accountant to your QuickBooks account by going to the My Accountant tab. You can also find an accounting professional near you that has experience using QuickBooks by clicking on the Find a pro to help option to help you in this section.

If you have any further questions, please feel free to ask them here.