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Employees and payroll
Hello there, Venture115.
Allow me to share some details about taking a distribution as the owner of an S-corp.
You can take a distribution and post from the Equity account since this will go through your personal return. This is nothing to do with your payroll.
Also, I'd suggest reaching out to your accountant to verify the process and make sure that the equity account is being set up correct.
I've added these articles to help you with the process:
- Enter and write checks in QuickBooks Online.
- Add an account to your chart of accounts in QuickBooks Online.
- Set up and record S-Corp health insurance
Please don't hesitate to let me know if there's anything else I can help you with. I'm always happy to assist you further. Take care.