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nikki_davis_63
Level 1

How do I cleard drawings at the year end

 
1 Comment 1
IntuitAika
Intuit

How do I cleard drawings at the year end

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.