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Updated in [July 21st, 2023]
In this QuickBooks Payroll tutorial, Hector Garcia CPA answers the question, 'How do I pay myself as a small business owner?' Learn the difference between an owner’s draw and a payroll salary and why this is such an important decision to make when considering how to take money out of your business. Participants will gain an understanding of the differences between an owner’s draw and a payroll salary, and learn best practices for owner compensation. This course will cover topics such as: how to pay yourself as an owner, understanding payroll salary vs owner's draw, examples of owner's draw and salary via payroll, and best practices for owner compensation. Participants will also learn about the resources available to help them understand and manage their payroll. At the end of the course, participants will have a better understanding of how to pay themselves as a small business owner.
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