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A
accounts-2upc-co
December 3, 2022

Paying self money to personnel account

  • December 3, 2022
  • 1 reply
  • 1 view

Hi,

I use QBO Plus.

I have been recording drawings of transferring money from Business to personnel as a self employed person with no employees.

 

I have not been recording as transfer, but have been matching the transactions from the bank feed that syncs with my bank and matching with the below image under Equity, Partnership Distributions.

 

Is this correct, and if so doing it via bank feed is same as recording as a transfer? - Thanks

    1 reply

    P
    payment after leaving
    Level 10
    December 5, 2022

    Hi accounts-2upc-co As we're not accountants we're unable to inform you what type of accounts to use when accounting for drawings. There maybe an accountant that views your post and be able to provide you with an answer.

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