Needing Help with entering a profit withdrawal.

Tracey_9700396
Tracey_9700396 Member Posts: 4 Novice Member Novice Member
edited October 2024 in Reckon One
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?

Comments

  • Lynda Chater_9039203
    Lynda Chater_9039203 Member Posts: 28 Novice Member Novice Member
    edited June 2018

    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


  • Tracey_9700396
    Tracey_9700396 Member Posts: 4 Novice Member Novice Member
    edited June 2018
    Hi Lynda,

    I Don't have a day to day option. I have Reckon Accounts Plus.
  • Tanya Briggs
    Tanya Briggs Accredited Partner Posts: 76 Accredited Partner Accredited Partner
    edited June 2018
    Write a Cheque.  Your accountant should be able to advise which account (usually an Equity account) to code the drawings to .
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