How do I record drawings as a sole trader? I did search and found the following answer “https://www.bullethq.com/community/question/how-to-account-for-sole-trader-drawings-if-self-employeed/” but the answer is quite old at this point and I don’t see any of the options mentioned in my BulletHQ account online.
This answer is valid, so you can use it:
You will need to create a new nominal account for Drawings under Reserves as follows:
Company > Chart of Accounts > Create New Account:
Name & Description: Drawings
Review and save.
Under ‘Company’ I mean the name of your company at the top menu.
Hope that helps.