Needing Help with entering a profit withdrawal.

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  • Updated 6 months ago
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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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Tracey

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Posted 6 months ago

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Lynda Chater

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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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Tracey

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Hi Lynda,
I Don't have a day to day option. I have Reckon Accounts Plus.
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Tanya Briggs, Accredited Partner

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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 .