Thanks for joining this thread, Pro2017_User. Let me provide some information about Distribution and Draw in QuickBooks.
Partner distribution means you are moving last year's retained earnings to each partner's equity account. On the other hand, Owner Draw is an equity-type account used when you take funds and put money in the business.
Owner's equity is the personal cash or assets an owner has directly invested in their business. There are many ways to account for owner's equity. It mostly depends on how you set up your business (sole proprietor, partnership, LLC, S-corp, or C-Corp). You can also check this link to learn more about different types of owner's equity.
If you wish to have a distribution account in your Chart of Accounts, you can set up one. I suggest also consulting an accountant for further guidance on what account and detail types to use. This is to ensure that your books are accurate.
In addition, let me attach this article to help you determine accounting terms in QuickBooks: Learn common QuickBooks terms.
Feel at ease to comment down below if you have other questions about distribution and draws in QuickBooks. I'll be around to help again. Keep safe always.
