<![CDATA[FrontAccounting forum — personal account]]> 2010-07-15T08:55:46Z PunBB https://frontaccounting.com/punbb/viewtopic.php?id=1424 <![CDATA[Re: personal account]]> You should create an account in the Equity group and use this account for transfer forth and back with your company.
But take care. In many countries you are not allowed to lend money from your company. The account should not go in debit.

/Joe

]]> https://frontaccounting.com/punbb/profile.php?id=3 2010-07-15T08:55:46Z https://frontaccounting.com/punbb/viewtopic.php?pid=6480#p6480 <![CDATA[personal account]]> Hi,

How can I handle personal drawings/contributions e.g. the owner transfers money from his private bank account to his business's account.

Wouldnt I need a neutral class type account which, depending on its balance, would be a deduction from/addition to retained earnings (directly and at year end closure)?

Regards
Jo

]]> https://frontaccounting.com/punbb/profile.php?id=1283 2010-07-02T15:25:16Z https://frontaccounting.com/punbb/viewtopic.php?pid=6369#p6369