8 days ago
Owners Equity
How do I categorise Owners Equity and Drawings from the Bank Account. I have a separate account just for my business and need to transfer in some working capital. Also need to know how to categorise when I take an Owner Drawing.
Hey colinpbriggs you can categorise this in Solo via smart-match your transactions through your Connected Accounts, or you can add it in manually via Money In/Money Out.
Solo uses the default equity names Personal Income and Personal Expense. We’d recommend keeping those names as-is (we know it’s tempting to rename, but it can cause a bit of chaos behind the scenes and is tricky to fix).