cash on hand

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cash on hand: I received cash payments in my home business. I’m a Sole Prop and I use QB online. I’d like to just keep the cash an use it to “pay” Myself. How would I record this?

You, as a sole proprietor , do not get paid. But all proceeds belong to you and you alone. You will be taxed on any business profit whether you take any of it or leave it all in the bank.

Your chart of accounts should have at least 3 equity accounts. […]

Resolution for 'cash on hand issue: 'I received cash payments in my home business. I’m a Sole Prop and I use QB online. I’d like to just keep the cash an use it to “pay” Myself. How would I record this?' available: Yes.

The cash on hand 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 cash on hand issue yourself by looking for a resolution described in the article. If it is a complex cash on hand issue or you are unable to solve the issue, you may contact us by clicking here or by using other cash on hand support options.

For more information about resolving issues related to cash on hand in Quickbooks/QBO or to get support for the issue 'I received cash payments in my home business. I’m a Sole Prop and I use QB online. I’d like to just keep the cash an use it to “pay” Myself. How would I record this?', click the link below:

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