How to add personal money to small business

Fred Bone Fred.Bone at dial.pipex.com
Sat Apr 5 15:57:59 EDT 2008


On 4 April 2008 at 22:58, Eric Anopolsky said:

> Do you use one account for draws and cash infusions, or two separate
> ones?

You pays your money and you takes your choice.

If you use two accounts, one will (obviously) have only credits and the 
other only debits.

If you use one, its balance will always show the net position.

You could compromise by having
 Equity
  Owner's Equity        <-- Placeholder showing net balance
   Owner's Deposits
   Owner's Drawings



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