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I'll guide you on how to record the distribution of profit in QuickBooks. First off, you'll need to set up an owner's draw account. Then, write a check from an owner's draw account.
Here's how:
Once done, go to the Banking menu to write a check. Here's how:
For more insights about the owner's draw account, refer to this article: Set up and pay an owner's draw.
I also recommend consulting your accountant to make sure your books are accurate.
For future reference, check this article to understand the Chart of Accounts in QuickBooks.
Let me know if you have additional concerns. I'll be happy to help you again on your next posts.