Question
QB Solopreneur: Transaction Type for Owners Pay
When I take an owners draw (QBSP calls it “owners pay”) from my business account to my personal account QB Solopreneur gives Transaction Type options as Expense, Check, Transfer, or Credit Card Payment. This is a transfer of equity, so I assume its Transfer... right? I’m not an accountant and catch myself making wrong assumptions too often not to ask at this point.