Hello there, user250922.
We can create a journal entry to draw down the stock. This method needs the assistance of an accounting professional for the accounts you need to use. Also, your accountant can help and guide you on which account to debit and credit. This is to ensure everything will remain accurate.
Here are the steps on how to record journal entries:
- Go to the+ New button.
- Select Journal entry.
- Enter information of the journal entry such as accounts, amount, etc.
- Select Save and new or Save and close.
To find an accountant, let's follow these steps:
- Go to the Find-a-ProAdvisor website.
- Enter the specific location, service, and product.
For additional details about recording journal entries in QuickBooks Online, you can check these articles:
Please let me know if you have more questions with your transactions and other concerns related to QuickBooks. I'll be glad to help you out again. Stay safe always.
