Owner draw from business account setup

[Maf. King]

On Tuesday 11 August 2009 03:49:47 jaxgent wrote:
> How would I set up an owner draw from a business account in Gnucash?
>
> Thanks

Hi,

IANAA, but I belive that you would do it something like:

Bank:Checking -> Equity:OwnersDrawing.

My business pays me salary, (ignoring the splits to account for taxes etc. 
witheld), which goes checking -> Expenses:Salaries.

HTH,
Maf.