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#1
04-09-2008, 07:11 AM
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 Re: Equity accounts - Personal Draw On Apr 9, 9:29 am, Steve <resp...[at]online.newsgroup> wrote: - quote - > =?Utf-8?B?anJ3aWxsZGVu?= <jrwill...[at]discussions.microsoft.com> wrote on
It is reported as Equity drawdowns under Reports - Business - Balance> 08 Apr 2008 in group microsoft.public.money: > > I am using Home & Business 2007. I am tracking both personal and > > business transactions just fine but my accountant tells me I should, > > although not necessary, have my "pay" be listed as a draw rather than > > a line item under wages paid. So after about 30 minutes of guessing > > how to input the information I decide to ask the audience...What > > would be the best way to show a personal draw? I don't see a place to > > add an equity account as my account believes it should be classified. > This appears to be the preferred method: > * Go to the Business tab. > * Click the Resources drop-down list, then choose Owner's Transfer. > * Fill in the information. > It creates a transfer from one account to another, but doesn't apply any > categories. One would presume that it is reported on a report somewhere, > but I don't know where. > -- > Steve B. > New Life Home Improvement Sheet Creating a transfer manually will not put the money in as Equity drawdowns. |
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04-09-2008, 01:29 AM
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| Re: Equity accounts - Personal Draw =?Utf-8?B?anJ3aWxsZGVu?= <jrwillden[at]discussions.microsoft.com> wrote on 08 Apr 2008 in group microsoft.public.money: - quote - > I am using Home & Business 2007. I am tracking both personal and
This appears to be the preferred method:> business transactions just fine but my accountant tells me I should, > although not necessary, have my "pay" be listed as a draw rather than > a line item under wages paid. So after about 30 minutes of guessing > how to input the information I decide to ask the audience...What > would be the best way to show a personal draw? I don't see a place to > add an equity account as my account believes it should be classified. * Go to the Business tab. * Click the Resources drop-down list, then choose Owner's Transfer. * Fill in the information. It creates a transfer from one account to another, but doesn't apply any categories. One would presume that it is reported on a report somewhere, but I don't know where. -- Steve B. New Life Home Improvement |
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#-1
04-09-2008, 12:26 AM
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| Equity accounts - Personal Draw I am using Home & Business 2007. I am tracking both personal and business transactions just fine but my accountant tells me I should, although not necessary, have my "pay" be listed as a draw rather than a line item under wages paid. So after about 30 minutes of guessing how to input the information I decide to ask the audience...What would be the best way to show a personal draw? I don't see a place to add an equity account as my account believes it should be classified. |
| Tags |
| accounts, draw, equity, personal |
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