<![CDATA[FrontAccounting forum — personal account]]> https://frontaccounting.com/punbb/viewtopic.php?id=1424 Thu, 15 Jul 2010 08:55:46 +0000 PunBB <![CDATA[Re: personal account]]> https://frontaccounting.com/punbb/viewtopic.php?pid=6480#p6480 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

]]> Thu, 15 Jul 2010 08:55:46 +0000 https://frontaccounting.com/punbb/viewtopic.php?pid=6480#p6480 <![CDATA[personal account]]> https://frontaccounting.com/punbb/viewtopic.php?pid=6369#p6369 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

]]> Fri, 02 Jul 2010 15:25:16 +0000 https://frontaccounting.com/punbb/viewtopic.php?pid=6369#p6369