Needing Help with entering a profit withdrawal.

Tracey_9700396

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?

Lynda Chater_9039203

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

Hi Lynda,

I Don't have a day to day option. I have Reckon Accounts Plus.

Tanya Briggs

Write a Cheque.  Your accountant should be able to advise which account (usually an Equity account) to code the drawings to .