Solar Accounts

Do I need to print off and invoice for my withdrawn wages?  Yes, self-employed, VAT reg..  Any help please.

Hi Kathy,

Since you are self-employed your wages are just considered a withdrawal of money from the business.  Record a General Transaction from the 'Cheque Account' to 'Owners Drawings and Personal Use'.

Regards

Great, thank you.  Do I need to print off an invoice?
Gratefully,
Kathy

Hi Kathy,

I'm afraid I don't know what the document requirements are for tax purposes - you will need to ask your accountant or local tax office.

Regards,