Skip to main content
R
RelentlessRHH
August 11, 2021
Question

Owner Contribution

  • August 11, 2021
  • 1 reply
  • 0 views

I am confused. When would I use owner contribution/draw vs owner as a liability account are they not different solutions with the same outcome? Owner money uses/repaid? I see both options and would like to know the difference.

1 reply

J
JamesM4
August 11, 2021

Hi RelentlessRHH,

 

QuickBooks Online is a dynamic program that offers a variety of features and tools that help you streamline your work. I'll be glad to share more info so you can get back on track with doing what you love. 

 

I can see the benefit of knowing which account to use and to ensure accuracy in your books, I highly recommend contacting an accounting professional for expert advice. If you're not in contact with one, I encourage you to search for one on our website using this link here.

 

I'll also leave this question open so other community members can chime in and share their expert advice. In the meantime, feel free to ask other questions, I'm here to help you achieve your QuickBooks goals. 

Terms & ConditionsAccessibility statement