Hi @jbogh ,
It depends on how you entered the expenses and how you recorded payment of those expenses. If you paid personally, then yes, the offsetting account to the expenses should be the Owner's/Shareholder's contributions account, as presumably they were paid by a personal bank account or personal credit card that is not being tracked inside the company books.
If you did set up a personal bank account or credit card account in the company's books, then you would always clear it to your Owner's/Shareholder's contributions or draw accounts as the bank/credit card account should always have a $0.00 balance, simply because you normally wouldn't have a personal account mixed in with the company's books. You can clear these accounts each time you do a transaction, or do it monthly and reconcile them the way you would any other account. The only difference is that you should always be reconciling to a $0.00 balance, if that makes sense.
Credit card payments would be done the same way. Best of luck.
