Forum Discussion

Kelly_C's avatar
Kelly_C
8 months ago

Sole Trader Wage

Hello, I am self-employed.  I'm trying to pay myself a regular weekly wage. How should I code this as it's not through payroll? I'm also paying myself super. Would this be under Equity or Expenses...
Kelly_C's avatar
Kelly_C

Hi Gavin,

 

No my Accountant hasn't gotten back to me.

 

I'm using Owner Drawing for my weekly payments.

I'm still unsure whether my Super payments should be under Owner Drawings also, or an Expense?

DuncanS's avatar
DuncanS
Ultimate Partner
7 months ago

Kelly_C gavin12345 

 

Kelly,

 

I would set up an Expense Account called Superannuation - Kelly C.

 

Duncan

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