Needing Help with entering a profit withdrawal.
Tracey_9700396
Member Posts: 4 Novice Member
Needing Help. We are a family trust business and i need to apply a drawing taken out for our profit from the last financial year . Needing info as How to enter this withdrawal into reckon program?
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Comments
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Hi
The withdrawal is done as a payment from the accounts. (Go to Day to Day - Money Out - Make a payment) You will just need to apply the payment to the expense or liability account in your chart of accounts for the drawing.
Thanks
Lynda
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Hi Lynda,I Don't have a day to day option. I have Reckon Accounts Plus.0
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Write a Cheque. Your accountant should be able to advise which account (usually an Equity account) to code the drawings to .0
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