Owner's draw vs payroll salary: paying yourself as an owner with Hector Garcia | QuickBooks Payroll

Learn more about owner's draw vs payroll salary and how to pay yourself as a small business owner: http://intuit.me/2Pyhgjf

In this QuickBooks Payroll tutorial, ‪@HectorGarciaCPA‬ answers the question, 'How do I pay myself as a small business owner?' Learn the difference between an owner’s draw and a payroll salary and why this is such an important decision to make when considering how to take money out of your business.

In this video:
0:00 How to pay yourself as an owner
1:29 Understanding Payroll Salary vs Owner's Draw
4:07 Example of owner's draw
5:12 Example of owner's salary via payroll
6:22 Best practices for owner compensation

Leave a comment below and let Hector know what other questions you have about paying yourself as a small business owner or any other payroll topics.

Hector Garcia is a CPA (Certified Public Accountant), QuickBooks consultant and business owner. He is also just a big fan of Intuit QuickBooks! He has teamed up with QuickBooks to produce this video series about payroll.

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