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Recording Drawings

Tips and advice on how to use Landlord Vision.
janicebeuk
Posts:1
Joined:Mon Jun 13, 2016 9:15 am
Recording Drawings

Postby janicebeuk » Thu Nov 10, 2016 9:14 pm

Hi
Can you tell me the best way to record regular monthly drawings? Would you just use the bank transfer facility, or make a Journal entry? If using the Journal is the correct way, could you detail exactly how? Thank you

roy
Posts:80
Joined:Tue Aug 23, 2016 11:38 am
Location:United Kingdom

Re: Recording Drawings

Postby roy » Mon Nov 14, 2016 10:00 am

Hello

If the bank account you are moving the money into is already in your LV account then you can do a money transfer as detailed here:
http://www.landlordvision.co.uk/univers ... k-accounts

If not, then head to Account Manager > Journal and post the following entries:
Account Drawings -- Debit Amount
Account Bank/Cash/Credit Card -- Credit Amount

Hope this helps

Roy Dixon


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