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Balance Sheet

I've entered transactions for the whole year and it shows my drawings as a negative figure on the balance sheet, what does this mean?


Posted by Charlie on May 20, 2012 10:56 AM BST

Hi Charlie,

The 'Owners Drawings and Personal Use' is normally negative and the size shows how much you have withdrawn from the business. For example, a balance of -£100 means you have withdrawn £100 from the business.

Regards


Posted by Mark McLaren (Solar Accounts) on May 20, 2012 2:57 PM BST

Sorry I was having a blonde moment for a minute there!


Posted by Charlie on May 21, 2012 9:57 AM BST

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