Yes,

Lily's way is a great way to do it.

Another way, if you would like to keep it separate from the draws and contributions of the owner, and your client uses cash often, is to use the petty cash account to record it the way you would a bank transaction.

The balance can be covered by:

DB - Cash Account
CR - Account the money was withdrawn from (Owner's Equity, Business Account)

__________________
www.lloydbusinesssolutions.com
"Getting you back to what you do best"