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Can I enter my own drawings
how do I enter my own drawings as a sole trader
Enter the payment and use owner equity drawing as the expense (reason) for the payment
For a company taxed as a sole proprietor (trader), I recommend you have the following for owner/partner equity accounts
[name] Equity (do not post to this account it is a summing account)
>> Equity
>> Equity Drawing - you record value you take from the business here
>> Equity Investment - record value you put into the business here
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