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Owner Draw

Solution To record an owner draw go to Ledger -> Chart of Accounts -> New GL Account.

Create a new GL account called "Owner Draw". Your account type will be "Equity".

Your accounts for drawing the funds will be "Owner Draw" and "AP" or "Business Checking Account" for example.
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Article details
Article ID: 242
Category: Ledger
Date added: 2010-11-10 14:21:17
Views: 361
Rating (Votes): Article rated 3.1/5.0 (31)

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