Owners Drawings?

Yawar Amin yawar.amin at gmail.com
Sat May 22 11:38:50 EDT 2010


On 2010-05-22, at 09:10, Alex Hill wrote:

> I currently have my books running well, but now it is time to draw from the business and I am not sure  how to do it.
> 
> At the moment all my sales end up in my Cash account, but I want to reduce this balance to withdraw funds, just not sure where to transfer to.
> 
> Any suggestions would be helpful.

Credit Assets:Cash and debit Equity:OwnersDrawings (or just Equity?).

 HTH,

  Yawar

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