Inconsistent help article on personal transactions: Loan vs. Owner Contribution/Drawing
dogleg
Member Posts: 2
When categorizing transactions, the Deposit from Personal dropdown states "All personal transactions must flow through a liability account for proper bookkeeping." However, the linked help article [https://support.waveapps.com/hc/en-us/articles/360020168332] says that an equity account (Owner Contribution/Drawing) should be used. Naturally this account does not appear in the dropdown. Which is correct, the help article or the dropdown? Shouldn't a choice of either account be available since some personal transactions are loans while some are not? For example a passthrough sole proprietor may not bother with loans.
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Still looking for answer.