Surely my sole trader drawings are no longer a current asset?

[daithespark]

Found it much quicker than I thought!

Sole trader drawings on P&L

The first thing you need to do is have a capital account for the drawings account. If you don’t have one on your chart of accounts, you can add one by going to More Options > Add Popular Accounts: NOTE: Any sole trader accounts created since April 2017 will have this nominal account included by default. [image] Then you need to check what needs to go where. So in my example, I have introduced £5,000 capital to the business, and also taken £1,000 out: [image] If you have lots of entries, i…