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Owners Contribution Repaid

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Paul_RiThink
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Owners Contribution Repaid

Hi. I have taken over sorting out the bank accounts for this company run solely by the owner. 

They deposited $15k at the start and I have coded this to "Owner Contributions"

For the first few Owner Drawings upto the value of the original contribution, should I code it to Contributions to cancel that out, or just to Drawings so the original contribution amount will always show under that GL code?

Thanks for your help

Cheers

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jenniek
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Re: Owners Contribution Repaid

Hi @Paul_RiThink 

Drawings would be the better - to show Money that went in, then drawings shows it going out again.

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
Paul_RiThink
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Re: Owners Contribution Repaid

thank you!

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