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February 2023
February 2023
Can someone explain the diference and where best to use the allocation codes of
* Drawings - GB
* Drawings - ST
February 2023
February 2023
Hi @GRMBIT
Thanks for your post. Drawings accounts are typically equity accounts used for amounts withdrawn from the business for private use. MYOB comes with a default drawings account called Owner's drawings/Personal expense, so it looks like your 2 drawings accounts have been created by a user/accountant. You would need to check with the user/accountant who created those accounts about the difference and when to use them.
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.
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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