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October 13, 2021
Question

How do I cleard drawings at the year end

  • October 13, 2021
  • 1 reply
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1 reply

October 13, 2021

Hi nikki_davis_63, 

 

You can create a journal entry to clear the drawings account on a previous financial year. However, I'd recommend you consult with an ccountant on what may be your best options that suits on your business needs. 

 

For your reference, you can also check on these articles:

Year-end guide and checklist - Business Owners

How to view Retained Earnings account details

 

Feel free to reach out to us if you have questions.