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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...
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.
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