Can a sole trader use keypay to pay themselves can a sole trader use there tfn in keypay if they own the abn the moeny is from

Hi there, @grimreaper-thana.

You can use an Owner's draw method to pay yourself. Let me guide you how.

An owner's draw account is an equity account used by QuickBooks to track withdrawals of the company's assets to pay an owner.

In your QuickBooks Online (QBO) account.

1. Go to the Gear icon.
2. Select Chart of Accounts.
3. Click New.
4. Select Equity from the Account Type drop-down.
5. Choose Owner's Equity from the Detail Type drop-down.
6. Enter an opening balance.
7. Once done, select Save and close.

Then, to write a cheque from the owner's equity account:

1. Go to the Gear icon.
2. Select Cheque.
3. Fill in the needed information.
4. Once done, click Save and close.

However, if you want to use keypay, I recommend reaching out to your accountant for further advice on recording it in your QBO account. This way, you'll be guided accordingly.

As always, you can visit our Help articles page for reference in case you want to learn some tips on managing your QBO account.

Keep me posted if you have other queries. I'm always here to help.