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Replying to:
ReymondO
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Good day, @lblackman38.

 

An owner's draw is a draw method used when a sole proprietor or partner in a partnership takes company money for personal use. In order to track this on QuickBooks, you have to create an equity account. That way, the program can trace the withdrawals of the company's assets when paying yourself. Here's how:

 

  1. Click the Gear icon at the top, and select Chart of Accounts.
  2. In the Chart of Accounts window, click New.
  3. From the Account Type drop-down list, choose Equity.
  4. Choose Owner’s Equity from the Detail Type drop-down list. 
  5. Enter an opening balance.
  6. Click Save and Close.

 

Once done, you can create a check and use the owner's equity account to record the payment.
 

  1. Click + New and select Check.
  2. Choose the bank account where your money will be withdrawn.
  3. Select Print later if you want to print the check.
  4. Fill in the check fields. In the Account field, be sure to select the Owner's equity account you created. 
  5. Click Save and Close

 

For the detailed steps, you can check out this article: Set up and pay an owner's draw.

 

All of the transactions you've created using this account will be posted in your account's register. If you need to review your data, simply run an Account Quick Report. Just go to the Accounting menu and select Chart of Accounts. Then, look for the Owner's equity account and click the drop-down list under the ACTION column. Finally, choose Run report to check your account. 

 

And if you want more details, you can customize reports to focus on specific accounts or filter for specific things.

 

In case you have further questions or concerns, please click the Reply button and write them down. I'll be here if you need further assistance. Have a good one!

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