Get 50% OFF QuickBooks for 3 months*

Buy now
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

Reply to message

View discussion in a popup

Replying to:
DHeraV
Moderator

Reply to message

Thanks for joining this thread, @Sundewurks.

I'm here to provide some insights on how to record the distribution of profits in QuickBooks Desktop (QBDT). 

I know how important it is to keep track of your profit sharing. That said, you may need to set up an owner's draw that involves your equity accounts. 

Moreover, I highly recommend consulting your accountant to know how to treat profit sharing. Since they know how to accurately manage accounts based on what type of business you have.

I'll also add this article that can serve as your reference to understand more about the Chart of Accounts.

You can always go back to this thread if your accountant has instructions that you find challenging to reflect on QuickBooks Desktop. The Community team always has your back. Have a good one. 

Need to get in touch?

Contact us