Owner drawings

Summary

Which category to record your own wages or money you withdraw from your business in Sage Sole Trader.

Description

Owner drawings are when you take out money from the business for personal use. This reduces the owner's equity in the business.

Owner drawings aren't business expenses.

When categorising your transactions, use Non-business money out for owner drawings. 

Only use Transfer if you're moving money between two of your own business accounts.

EXAMPLE:

Moving money from your business current account to your business savings account.

 

Solution Properties

Solution ID
260112155132463
Last Modified Date
Thu Feb 12 13:56:50 UTC 2026
Views
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