Does 7shifts Payroll support Owner's Draw?
Question
Can I process an Owner's Draw through 7shifts Payroll?
Answer
No. At this time, 7shifts Payroll does not support Owner's Draw or money transfers for IRA, 401(k), and Workers' Compensation.
To record an owner's draw, consults a tax professional. You can also consider managing the transaction within your accounting software (such as QuickBooks Online) or through your business bank account directly.