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Amy1989
Jul 15, 2024 10:13 AM UTC
Question

Drawings account

We have changed from a sole trader to a limited company and have managed to do everything up to now. The drawings account shows all transactions and wonder what journal entry I would use to reset it to £0 from when we became limited so that all drawings as a sole trader aren't included when running reports, can anyone help me please?

1 reply

GeorgiaC
Jul 15, 2024 10:31 AM UTC

Hello and welcome to the Community, Amy1989

 

We recommend reaching out to your accountant for support with journal postings, as these fall outside the scope of what we're able to advise on. 

 

If you don't already have an accountant, you can find a QuickBooks certified advisor on our online directory. 

 

Thanks for reaching Intuit support. I'm just a post away if you have further questions or require additional assistance. 

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