Hi Peggy-Sue,

Since I am not an accountant or bookkeeper, you may find a more helpful suggestion from the link below.

http://www.accountingcoach.com/blog/drawing-account

Hope this helps.

Hi Keith - this is a US link you provided. Being that this is a Sage 50 Canadian forum is there not one in Canada that you can direct someone to? Especially for one who does not have accounting knowledge and would likely continue to use same link to look up other questions or method they may come across.

Hi Smithco,

Thanks for pointing this out.  I find another website which talks about bookkeeping practices in both Canada and US that may be helpful.

www.bookkeeping-essentials.com

I also find this website with good video about accounting basics.  It may be helpful to all who are new to accounting.

www.freeaccountingschool.com/lesson-videos

If your have more suggestions, please do not hesitate to share with us also.  

Thanks Keith - the bookkeeping.essentials is a very good site.