AshleyR
4 years agoExperienced User
Pay a bill via the Owners/Shareholders Drawing Account
Hi My director has used her personal card for a business purchase. She has allocations in the 3-2000 account. She wants me to use this personal card transaction to reduce the Drawings account. ...
- 4 years ago
Hi AshleyR
Thanks for your post. One way to deal with this would be to use a suspense type account as the Pay from Account when processing the Spend Money/Pay Bills transaction.
You could then record a General Journal, debiting the suspense type account and crediting owner's drawings, to clear the suspense account and reduce the owner's drawings.
Please let me know if you need further help.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.