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Status Answered
Created by AgExpert Support
Created on Nov 29, 2020

Disqus Agexpert Accounting Questions Archive

How do you set up Owners draw and owners contribution accounts for a partnership?

  • ADMIN RESPONSE
    Feb 10, 2025

    Hi Debbie!

    You will want to go to Setup > Chart of Accounts, and click on the Equity tab.

    In the Equity section, you can set up you draws and contributions accounts. Click on Add, and as you setup the account, make sure the Account Type is set to either Personal Draws or Personal Advances, depending on the account you are setting up.

    https://uploads.disquscdn.c...

    Hopefully this helps!

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