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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