Hi, how would I add sole trader drawings if I am self employed?
Hi Brendan & Peter,
I’m still not seeing how I’d process this payment though – I can add a new account as per Brendan’s description and it saves etc. But when I go to pay myself what do I do then?
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.