thanks, that's really helpful. Also, thanks to the other people who replied.
On Thursday, 7 September 2023 at 23:26:45 UTC+1 Brandon Olivares wrote: > 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]. > 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/b078e905-bc29-47f7-a535-c22838d68fefn%40googlegroups.com.
