Quickbooks Chart of Accounts Setup

by Amanda
(Adelaide)

Quickbooks Chart of Accounts Setup

Quickbooks Chart of Accounts Setup

Could you please advise how I set up a "Personal Drawings" account in the QuickBooks chart of accounts? I recall being told not to put it as an expense but set it up as "Equity"? Would this be correct? Thanks

Comments for Quickbooks Chart of Accounts Setup

Average Rating starstarstarstarstar

Click here to add your own comments

Jan 07, 2018
Rating
starstarstarstarstar
Setting Up Chart of Accounts in Quickbooks
by: Louisa

Thank for your question about creating a Personal Drawings account in the QuickBooks Chart of Accounts. Yes, it is correct to set up a Personal Drawings account under the Equity category heading.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Chart of Accounts Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you each month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?