How Do I Record Drawings?

How Do I Record Drawings?

Unincorporated businesses should use the Personal section to record any drawings taken from the bank account. 

  • Click Personal
  • Click Personal Expenses Paid 
  • complete the on screen information
  • Click Save Record

There is a Drawings function available for your convenience (that does the same thing)

  • Click Expenses
  • Click Drawings
  • complete the on screen information
  • Click Save

Both functions reduce the balance in the bank and increase the amount owed by the owner/partner to the business.

The bookkeeping that is performed is;


 Debit             Owners/Partner Loan Account
 Credit            Bank or Payment Method

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