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Join nowAn owners distribution is only made in an s-corporation, x-amount per share to all owners.
An owners draw, sole proprietor and partnership, is the owner/partner taking value from the business for personal use.
In either case, no, a distribution or a draw can not be used an expense.
Thanks, Rustler. This is helpful. Maybe there's a better way for me to do this. I have a construction company, often with more than one project at a time . I don't make a distinction between profit and salary in QB, and I've just been taking draws from what is left after I pay for everything on a project What I would like to happen is for payments to myself show up in project reports. Do you have a suggestion on how to do this?
Thanks again.
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