I am new to accounting. My husbands business partner (who only worked the first few weeks of last year) transferred $20,000.00 from the business account into his own personal account in December. He did transfer back half. How do I post this using peachtree accounting?

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Originally Posted by redwhiteblue123

I am new to accounting. My husbands business partner (who only worked the first few weeks of last year) transferred $20,000.00 from the business account into his own personal account in December. He did transfer back half. How do I post this using peachtree accounting?

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Unfamiliar with that system however the standard approach is to debit his personal account and credit the bank account in the first instance and credit the personal account and debit the bank account in the second.

Your system will have some form of cashbook detailing the bank transactions where these entries can be made