Monday, December 12, 2011
What type of book keeping account would I create for personal funds transfer, non wages?
The money was a loan to me from my Father. I then used some of the funds for business and transferred the rest into my personal account to pay bills . I need to create an account for quickbooks that will recognize this disbursement as non payroll or transfer.|||Typically, money taken out of the business for use by the owners of the company go to an account called Owner's Draw (Equity).
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