Owners drawings

Hi njsynth,

 

Thanks for your question. As we're not accountants, we can’t give specific advice on your setup or how to allocate transactions. I’d recommend checking in with your accountant for the best advice. Usually, Owner’s Drawings and Owner’s Contributions are equity accounts, with contributions being money put into the business. There’s also more info in this thread, including links and extra details that may help with your query.

 

Cheers,

Princess

 

 

Hi njsynth​ 

You should have a code in your equity accounts 3-xxxx called Owners Drawings which is where you code these to.