How do I show paying myself on QuickBooks?
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It depends on how your business is organized
A sole trader, would have equity accounts for the owner. I recommend you have the following for owner/partner equity accounts (one set for each partner if a partnership):
[name] Equity (do not post to this account it is a summing account)
- Equity Drawing – you record value you take from the business here
- Equity Investment – record value you put into the business here
For a company organized as Ltd, you need to pay yourself using payroll.
This also depends on which country you happen to be operating from.
Hope this helps.