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Ravinder's avatar
Ravinder
Experienced User
4 years ago

how to record owner's drawings

Hi Have some question below, please help:       *  I and my husband are running a business and we both are the directors of the Company. I am   looking all            accounting matters of the busi...
  • Tracey_H's avatar
    Tracey_H
    4 years ago

    Hi Ravinder 

     

    Thanks for your post. As we're not permitted to give tax advice you will need to discuss all of your questions with your accountant to make sure you are reporting correctly for your business. If you are going to be drawing wages for yourself and your husband you would process pays as you would any other employee through Process Payroll.

     

    Once you've spoken to your accountant and know what you need to do, we'll be happy to help with how to do that in your software.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

     

Tracey_H's avatar
Tracey_H
Former Staff
4 years ago

Hi Ravinder 

 

Thanks for your post. As we're not permitted to give tax advice you will need to discuss all of your questions with your accountant to make sure you are reporting correctly for your business. If you are going to be drawing wages for yourself and your husband you would process pays as you would any other employee through Process Payroll.

 

Once you've spoken to your accountant and know what you need to do, we'll be happy to help with how to do that in your software.

 

Please let me know if you need further help.

 

If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

 

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