Accounting for Sole Proprietors: Tax & Bookkeeping Tips
in Business, Accounting & Taxes ·
So, I was wondering if it’s actually true that small business owners aren't supposed to just pull cash straight out of their merchant account as an advance on their earnings? Like, am I hearing correctly that you have to transfer the funds over to your checking account first before you can even think about withdrawing anything? I guess I honestly just heard about this for the first time yesterday, so maybe I'm totally off base here... 🤦