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Recording Drawings

Posted: Thu Nov 10, 2016 9:14 pm
by janicebeuk
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

Re: Recording Drawings

Posted: Mon Nov 14, 2016 10:00 am
by roy
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