Why when entering Proprietor Drawings as money out does Quickfile make a corresponding money in entry?
Hello @Pjam27
QuickFile, like a lot of other accountancy packages is based on double entry bookkeeping.
This means there are always at least 2 entry’s per transaction.
In your example the money went out (1 entry), where did it go (the corresponding entry).
When you take drawings directly from your business bank account the normal way to record it would be to tag the “money out” transaction in the current account as a “bank transfer” and select proprietor drawings as the destination bank account. The act of tagging as a bank transfer will create a money in transaction in the drawings bank account.