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New Member
posted May 31, 2019 6:25:56 PM

How do I record a Distribution from my S -Corp in quickbooks ? What accounts do I debit and credit ?

How do I record S Corp distributions in quickbooks ? What accounts do I debit or credit. And how do they affect the P&L statement and balance sheet ?

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2 Replies
Level 15
May 31, 2019 6:25:57 PM

We only know the TurboTax program in this forum. For QB support, check out https://help.quickbooks.intuit.com/en_US/contact

Level 15
May 31, 2019 6:26:01 PM

See OP's related Q:
<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/3407027-i-own-an-s-corp-i-didn-t-setup-payroll-so-i-won-t-be-receiving-a-w-2-i-made-withdrawals-and-have-paid-esrumtaed-tax-payments-how-do-i-report-this-on-my-1120s">https://ttlc.intuit.com/questions/3407027-i-own-an-s-corp-i-didn-t-setup-payroll-so-i-won-t-be-receiving-a-w-2-i-made-withdrawals-and-have-paid-esrumtaed-tax-payments-how-do-i-report-this-on-my-1120s</a>