I’ve only just started using beancount and I really like it. I have a question about how to model equity withdrawals. That is, if I run a business then, on occasion, I withdraw equity from the business. The terminology used here depends on the business type: “drawings”, ( https://www.accountingcapital.com/basic-accounting/drawings/), “partner drawings” and “dividends” are used depending on the context.
It seems that beancount doesn’t explicitly have this concept. It has account types Assets, Liabilities, Income, Expenses and Equity but not Drawings. I understand why this is so. It looks to me like beancount is targeted at personal finance where drawings aren’t really relevant. For my purposes, I have tried using Expense:Drawings as a workaround and it seems to do what I need for now. However, in accounting, drawings are considered to be their own top-level type ( https://www.accountingtools.com/articles/are-dividends-considered-an-expense.html). I see that someone else has used Equity:Drawings instead ( https://groups.google.com/g/beancount/c/ItnftyBIJzs/m/-q646QBjBQAJ). So my question is whether anyone else has had a need to deal with drawings and what pros and cons are associated with their approach. Anders. -- You received this message because you are subscribed to the Google Groups "Beancount" group. To unsubscribe from this group and stop receiving emails from it, send an email to beancount+unsubscr...@googlegroups.com. To view this discussion on the web visit https://groups.google.com/d/msgid/beancount/CABPTtgrr4vbeRY9ZM3F3CauELm6HyQbFOUQ5PkHLtA1S4ykk5Q%40mail.gmail.com.
