Hi John, Owner withdrawals - I mean money that I take out of my business each month.
I found this definition on the web: "A withdrawal, when used in business terminology, is the withdrawal of funds from a company’s assets for private use." I don't think it's an expense account. Mike On Thursday, 7 September 2023 at 22:03:48 UTC+1 John Wiegley wrote: > >>>>> "MJ" == Michael Jones <[email protected]> writes: > > MJ> Apologies if this has been asked before. I'm just staring out with > Ledger > MJ> and have got a bit stuck. > > MJ> I'm not quite sure I understand how to enter owner withdrawals in my > MJ> journal. I know it's not an asset or a liability. What type of account > is > MJ> it? > > MJ> At the moment I've just got something like this: > > MJ> 2023/06/11 MJ Monthly > MJ> Assets:PW Current £ -2500.00 > MJ> Withdrawals £ 2500.00 > > MJ> Do I need to be doing something with Equity? > > Can you say more about what “owner withdrawals” are? > > John > -- --- You received this message because you are subscribed to the Google Groups "Ledger" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/ledger-cli/28d692b8-8c04-42d3-814c-334397835af8n%40googlegroups.com.
