the idea is to get all of last years equity activity into equity
so you clear investment to equity, debit investment for the balance in the investment account & credit equity
then you clear drawing to equity, debit equity and credit drawing for the balance in the drawing account
lets say it looks […]
Resolution for 'Contribution and Draw issue: 'Owner’s Contribution and Draw' available: Yes.
The Contribution and Draw issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the Contribution and Draw issue yourself by looking for a resolution described in the article. If it is a complex Contribution and Draw issue or you are unable to solve the issue, you may contact us by clicking here or by using other Contribution and Draw support options.
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