Hi There, I’m new to Manager and indeed to accounting practices. I have setup my bank account in Manager and have imported my transaction from my actual bank and am slowly going through and reconciling them. But what need to show is the transfer of money from my business bank account to my personal …

Read this topic, it should answer your question [image] Transferring money between cash account and bank account I have created a cash account in Petty Cash under “Cash Accounts”. Now when i am trying to allocate a bank “cash withdrawal” entry to account to Petty Cash…i…

You should realize that this transfer is either an owner’s draw, a withdrawal from a capital account, a loan (if it will ever be paid back), or a dividend. Which it is depends on your form of business organization and the structure of your chart of accounts. The household expenses themselves have no…

Thanks Tut. I’m not familiar with a “Spend Money Transaction” what sort of Account would I need to setup to capture these transaction and how to you actually create such a transaction?

You activate the Cash Accounts tab under Customise and then create related accounts. Read the Guides regarding Cash Accounts procedures.

[image] tonystef: what sort of Account would I need to setup to capture these transaction If what you said is true, that you have imported transactions from your actual bank and are reconciling them, then you already have the Cash Accounts tab set up and an account created. The button is righ…

Hi Tut, On this point, I have been transfering any wages or drawings to an account that I’ve created an account under Équity’and have called it “Drawings”. To do this correctly and to ensure that I have it right, are you saying that I should re-do these transactions using “Spend Money” instead of …

Drawings is typically an equity account, debited to offset credits to cash accounts when an owner receives money from the business. You can’t transfer money to it. You can only transfer money between cash accounts. A transfer does not record removal of money from the business. So unless you are mer…

Transfer Money to Personal Account

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Brucanna March 10, 2017, 8:54am 2

Read this topic, it should answer your question

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Transfer Money to Personal Account

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