How can I pay owner distributions electronically?

Welcome to the Community, @shfitz.

In QuickBooks Online (QBO), the ability to pay owner distributions electronically is currently unavailable. You need to write a check manually. Before doing so, ensure that you've already created an Equity account.

Here's how:

1. In QBO, go to the Accounting menu at the left pane to get to the Chart of Accounts page.
2. Click the New option at the upper right. 
3. Pick Equity in the Account Type drop-down, then choose Owner’s Equity in the Detail Type.
4. Enter an opening balance and hit Save and close.

Once done, here's how to write a check:

1. Go to the + New option at the upper left to get to the Check. 
2. Select the bank account where your money will be withdrawn.
3. Enter the necessary information, including the Owner's equity you created in the Account field.
4. Hit Save and close.

For more information about the process, refer to this article: Set up and pay an owner's draw.

On the other hand, you can also look for a third-party application that will allow you to pay owner distributions electronically. This can be done by going to the Apps menu in QBO to clicking this link.

Please leave a comment in this thread if you have any other questions or concerns. I'm more than willing to assist. Have a wonderful day!

@shfitz 

A check in QB is just data entry, so write the check and if you will transfer the amount electronically, then overwrite the check number and make it EFT (elect funds transfer).  

Then how you actually transfer the funds is up to you

Is there away to use the contractors portal to pay my distributions so we can get our distributions as a direct deposit?  I am assuming we could code them as distributions once we receive and remove from the vendor we setup in the contractors portal.

Good morning, @dmiller4. 

Thanks for chiming in on this thread and asking your question. I want to ensure that I give you the best information to answer your concern about paying owner distributions in your QuickBooks Online (QBO) account. 

At this time, the only way you can do this is by running an unscheduled payroll and adding the distribution account as a payroll addition with no tax consequence on the check. However, before doing this, I recommend consulting with your accountant to be sure. They'll be able to give you the best accounting advice for your business. 

Let me know if this helps and what you're accountant says. If you need help with anything else, feel free to ask. I'm only a post away if you need me. Wishing you and your business continued success!