How do you record taking out the money that you invested in?

I'm delighted to have you here today, @eyevbc. I'll gladly walk you through the process of how you can handle or manage recording taking out money that you've invested in your QuickBooks Online (QBO).

You can start paying it with an actual check. If you’re going to send someone a paper check, follow these steps:

1. Access your QuickBooks Online company.
2. On the left navigational bar, click the + New button.
3. Choose Check.
4. Enter the person or business you’re paying back.
5. For the Check no. enter a check number.
6. Enter the following information in the Category Details section.

• First line: The equity account you use to track the investment in QuickBooks, and the amount you're paying back today.
• Second Line: Expense account you use to track the interest you pay, and the amount of interest that is part of your payment today.
• Other lines: Any additional fees and their appropriate accounts.

       7. Select Save and close.

For more information, please see this article: Record paying back an investment.

To add up, here's an article to help you add more details when you're running reports inside your QBO company: Customize reports in QuickBooks Online.

You can also check this page if you want to keep your current report settings: Memorize reports in QuickBooks Online.

Please don't hesitate to get back to me if you need further assistance with this or have any additional QuickBooks-related concerns. I'll be more than to help you out again. Stay safe, and have a nice day!

@eyevbc 

Create an equity account called '2023 - Distributions' and assign that account to the check.