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KFN
Level 1
posted
‎July 21, 2020 02:05 AM
last updated ‎July 21, 2020 2:05 AM

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.

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Best answer July 21, 2020
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Rustler
Level 15
‎July 21, 2020 04:23 AM

Owners draws?

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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Rustler
Level 15
‎July 21, 2020 04:23 AM

Owners draws?

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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