Wife of Business Owner Helping With Chart of Accounts
Business Owner Help
Thank you for the basic bookkeeping 101 info. You touched on a topic that I have a question on--
Sole proprietorship owner's drawing account. Should the "personal expenses" i.e. groceries and other household items be "lumped" in the Owner's Draw?
Right now they are basically showing as "undesignated" expenses because I didn't know what to do with them.