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Thread: Small business owner, how do I pay my self?

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    Small business owner, how do I pay my self?

    I am the sole proprietor of a small business ,I operate with my SSN, do I pay my self simply by writing a check to my self or there is a proper way to do that? If I write a check to my self ,which category do I enter this expense in my quickbooks and if I do that how do I prove my income to someone? Thank you for your help

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    Site Caretaker Dave A's Avatar
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    Set up an equity account called Owner Drawings and expense the cheque against that account.

    If you want to get a little fancy, set up the Owner Drawings account as a sub account of the Owner Equity account.
    The trouble with opportunity is it normally comes dressed up as work.

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