As a professional bookkeeper, this is definitely an Equity. It should be something like Equity:Owner Draws. It is not an expense.
> On Sep 7, 2023, at 5:52 AM, Michael Jones <[email protected]> wrote: > > Apologies if this has been asked before. I'm just staring out with Ledger and > have got a bit stuck. > > I'm not quite sure I understand how to enter owner withdrawals in my journal. > I know it's not an asset or a liability. What type of account is it? > > At the moment I've just got something like this: > > 2023/06/11 MJ Monthly > Assets:PW Current £ -2500.00 > Withdrawals £ 2500.00 > > Do I need to be doing something with Equity? > > Many thanks, > > Mike > > -- > > --- > 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] > <mailto:[email protected]>. > To view this discussion on the web visit > https://groups.google.com/d/msgid/ledger-cli/100058ba-4e8d-4140-bb27-d652ab89bce7n%40googlegroups.com > > <https://groups.google.com/d/msgid/ledger-cli/100058ba-4e8d-4140-bb27-d652ab89bce7n%40googlegroups.com?utm_medium=email&utm_source=footer>. -- --- 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/5EC66D93-BEEA-423F-B9BF-ABD98B9A4322%40gmail.com.
