#QuickBooks #QBO – How to assign employees to classes

First, you need a PLUS plan to have class tracking features. To turn on the class tracking: From the home page screen At the right upper corner, click the company gear icon. Select Company Settings under Settings. Under Company, click anywhere on Categories. Select Track classes. Select Warn me when a transaction isn’t assigned a […]

Can I put myself on payroll as an employee?

Answer entirely depends on on the legal entity type for your business. If you are filing tax return as a sole proprietor, the answer is definitely no since you are not as employee. If the business is a corporation type, then you are an employee and you must be paid reasonable compensation and can be […]