How to add Drawings to bank account transactions

How-to
1

hi,
Can anyone explain how to add monthly propretor drawings to the bank account.
i have found something like proprietor drawings account but this does not show anything in the bank transactions ie £1000 every month coming out of the bank account.
thank you.

2

https://support.quickfile.co.uk/t/sole-trader-bookkeeping-the-basics/8808

3

Hi,
thanks for the reply . Ive had a look but it doesnt show how to link the PD acc to the business account ie take £1000 from the business acc & move it to the PD acc.
i have done a transaction in the PD acc & it shows the ammount there but nothing taken from the business account…???

4

from that page plz , Withdrawing money from your business

This transaction is the opposite to the “Recording an initial investment” example above. Somewhere on your business current account you should have a “Money Out” transaction showing the withdrawal of cash or a bank transfer to your personal account. Simply locate this transaction on the bank and click to tag the item. Select the option “Transfer between accounts” and on the drop-down list transfer the money to “Proprietor Drawings Account”.

5

i dont use a business account. my business is only small so I use one of my personal accounts.
also i might not actually take the money out but just put a figure in as takings & use it bit by bit.
thanks for the reply.

6

If you use the same account for business and personal, and don’t withdraw actual cash, then there will be no proprietor drawings to record.

7

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