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KFN
Jul 21, 2020 9:05 AM UTC
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Owners draws?

I am a solo proprietorship and am having trouble with owners draw. Can someone explain how to account for owners draw starting with the bank feed.

Rustler
RustlerAnswer
Jul 21, 2020 11:23 AM UTC

When you write a check to yourself, that is an owner draw.  Owners Draw is the expense (reason) for the check.  So when you see the bank feed that is the "expense" account you select

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2 replies

Rustler
RustlerAnswer
Jul 21, 2020 11:23 AM UTC

When you write a check to yourself, that is an owner draw.  Owners Draw is the expense (reason) for the check.  So when you see the bank feed that is the "expense" account you select

    johnburger
    Feb 25, 2021 2:10 PM UTC

    Hi thanks for your answer    but I can only see the first sentence how do i see the rest

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