How do I get credit memos on Sales to be reflected as expenses on Profit
I can help get some of the owner's credits as expenses in the profit and loss report, @treasurer101.
Since credit memos are for customers and expenses are for vendors, you won't be able to exchange the owner's credit to their dues as an expense. You can consider creating a check or an expense transaction directly to get this reflect as an expense on your profit and loss report.
Click the + New button, then select Check or Expense.
You can leave the Payee section blank, then choose the Payment account from the drop-down.
In the Category details section, select the appropriate account.
I'm back to check if you were able to create a check or an expense transaction to pay the owner's due. If you need more clarification on this, just leave a comment below. I'll be sure to get back to you.