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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