What are drawings?
< 1 min read
Drawings are money or other assets taken out of a business. This might be by the owner or partner for personal use, or as dividends if the company has been made public.
Drawings are different from expenses or wages, which are business costs. Drawings are recorded as a reduction in assets and a reduction in the owner’s equity.
Subscribe to the Sage Advice newsletter
Join more than 500,000 UK readers and get the best business admin strategies and tactics, as well as actionable advice to help your company thrive, in your inbox every month.
