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