Help with paying my self!

One_AutoOne_Auto Member Posts: 3

Hi, I'm new to wave and unsure of how to pay my self?
I have two bank accounts, Business and personal and i will be paying my wage out of the Business Acc into my personal Acc, how would I go about doing this?

Many Thanks
Chris

Comments

  • MikegMikeg Member Posts: 383 ✭✭✭

    One_Auto,
    You would record any money transferred to your personal account as an owners draw. If yu are operating as a sole proprietor or single member LLC here in the US, you cannot declare a wage (w-2)

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