“I am a sole proprietor and need to record salary draws.”

Right there is how this gets confusing.

You are not Getting a Salary; you are not on payroll and this is not Wages.

You get to take money any time you want to, as long as you judge the business can afford […]

Resolution for 'Confused on owners draws issue: 'I am using quickbooks simple start online. I’ve been searching through the threads, and am finding conflicting, or just incomplete info. I am a sole proprietor and need to record draws. I’m seeing a lot of threads mentioning to create an equity account. One for draws and one for contributions. 1.) For “Detail Type”, am I choosing “Owner’s Equity” from the list and just changing the “Name” and “Description” to “draws” & “Contributions”? 2.) This causes the “Owners Equity” account to go into negative, and just continually grow with each draw taken. Is this normal? 3.) Some people have said to create a “vendor” account for myself, and just pay it from the equity account. Or, should I just manually add the transaction in my register, since I do all my banking transactions manually anyways? I just don’t want “end of year: to come, and my draws show as a deductible expense. Some clarification would be greatly appreciated.' available: Yes.

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

For more information about resolving issues related to Confused on owners draws in Quickbooks/QBO or to get support for the issue 'I am using quickbooks simple start online. I’ve been searching through the threads, and am finding conflicting, or just incomplete info. I am a sole proprietor and need to record draws. I’m seeing a lot of threads mentioning to create an equity account. One for draws and one for contributions. 1.) For “Detail Type”, am I choosing “Owner’s Equity” from the list and just changing the “Name” and “Description” to “draws” & “Contributions”? 2.) This causes the “Owners Equity” account to go into negative, and just continually grow with each draw taken. Is this normal? 3.) Some people have said to create a “vendor” account for myself, and just pay it from the equity account. Or, should I just manually add the transaction in my register, since I do all my banking transactions manually anyways? I just don’t want “end of year: to come, and my draws show as a deductible expense. Some clarification would be greatly appreciated.', click the link below: