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user561547241
Level 1

HOW DO I ENTER A DRAW FROM THE COMPANY

THE OWNER TAKES A DRAW HOW DO I ENTER THAT INTO QUICKBOOKS
2 Comments 2
JamesM4
QuickBooks Team

HOW DO I ENTER A DRAW FROM THE COMPANY

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.

MaximumBookkeeping
Level 2

HOW DO I ENTER A DRAW FROM THE COMPANY

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

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