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HOW DO I ENTER A DRAW FROM THE COMPANY
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Hi there,
Welcome to the Community. QuickBooks is a versatile program that helps you to manage your accounting with ease. I'll be happy to share more info so you're on the right track.
Recording your transactions the right way is essential for ensuring your books remain accurate. That said, I recommend consulting an accounting specialist for expert advice. This ensures your entries are recorded in a way that allows for you to navigate the program with peace of mind. You can get in touch with an accounting professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in.
Let me know if this info helps.
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Hello,
You should have an account called "Shareholder draw."
Then you will be able to make a journal entry as follows:
DR Shareholder draw
CR Bank
Hope that helps
Prachi Joshi