Sage 100

Apparently it is my week for questions. Does anyone have a method for handling Owner Draw accounts? These are equity accounts that close each month like revenue/expenses. They appear on the balance sheet but only show the net change for the month instead of the account ending balance. They close to retained earnings. In 15 years I've never come across a client needing this but ""Peachtree worked that way!"". I can tell them to make journal entries and even set up period end allocations to handle it but I wanted to make sure I wasn't missing something Sage did automatically. Thanks!

What if you reclassify them to an expense category (account category/account group) so that they would roll into retained earning. You would probably have to DFDM the change. Since the number is outside the range of P/L accounts, the income statement should not be affected.

@JeffSchwenk I did mess with DFDM to change the account type to ""R"" so that it would roll but then it totally moved the account to the income statement! I tried just changing the account type to ""13"" but that didn't force the roll.

Without changing the account group? Interesting. Show them how to use SI??? I know a good SI guy living in the Denver area..... I love the Peachtree Peeps. I have one that throws that up for nearly two years now.... Since that didn't work, allocations is the best alternative.

I think we know the same SI guy! Thanks for confirming this is an actual thing and that I'm not totally crazy (regarding this, anyway).

Use a monthly allocation entry to move the activity for the month to retained earnings. However, I don't think this is truly how draw typically works so I'd probably first advise the customer to consult their financial advisor (unless that is you) about the presentation.

We charges draws to an equity account and close it to R/E on 1/1 of the next year.

I ""Googled"" it.

Thanks everyone. I explained to the client how Sage doesn't do this and we set up the allocation entries which should work plenty smooth. It is comforting that others have run across this as well and I'm not the only one with non-standard clients. Actually, I'd be glad if I ever had a ""standard"" client...