How Do I Pay Myself? (Distributions to Owner/Owner's Draw)


P

PTS

I own a solo LLC and I would like to start paying myself each quarter. I
already wrote a check to myself and deposited it into my personal account
earlier this week. I just don't know how to go about accounting for it in MOA
2008.

What are the steps I should take within MOA 2008? I know that I only need to
work with two accounts: Business Checking (Asset), Distributions to Owner
(OE).

Do I "Write Checks" to myself? Transfer Funds? Journal Entries? Any help
would be greatly appreciated.
 
Ad

Advertisements

L

Lance [MSFT]

You could use Transfer Funds (in the banking menu) for this. Transfer the
payment amount from Business Checking to Distributions to Owner.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

MOA 2008 Owners Drawing / Distributions to Owner 9
How to do owner's draw? 1
MOA 2008 Owners Drawing / Distributions to Owner Positive or negat 0
Owner's Drawings 1
Owner draws 12
Owner Draws 3
Owner's Draw? 1
Australia Owners drawings 8

Top