Make a deposit and enter the gross amount as income. Drop down a line and enter the taxes withheld as a negative amount. Total deposit will be your net check.
Note: Estimated tax payments would usually be recorded as a reduction in your capital account since it is not a business […]
Resolution for 'capital account issue: 'Entering W-2 Income and Taxes for Single Member LLC' available: Yes.
The capital account issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the capital account issue yourself by looking for a resolution described in the article. If it is a complex capital account issue or you are unable to solve the issue, you may contact us by clicking here or by using other capital account support options.
For more information about resolving issues related to capital account in Quickbooks/QBO or to get support for the issue 'Entering W-2 Income and Taxes for Single Member LLC', click the link below: