Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Connect with and learn from others in the QuickBooks Community.
Join nowfor detail type use owner equity, rename it at the top right as draw
detail type is something intuit invented supposedly to make things easier, but it just confuses people
and the explanations of the detail types are not always correct
Hi there, @eugenepalletserv.
You've come to the right place. When entering an Owner Draw, it's an equity-type account and used when you take funds from the business. When you put money into the business, you can use an equity account. You Charts of Accounts could look like the following:
Owner Equity {Parent Account}
Owner Draws {sub account of owner equity}
Owner Investment {sub account of owner equity}
Here's an image of how to make the account. I've also provided a link on Owner's Equity in-case you'd like to have it for your records.
It'll now be listed underneath the Owner's Equity. That's all there is to it. If you have any more questions, just know I'm always here lending a helping hand. Happy Hump Day!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.