Why is owners draw not showing on balance sheet?

Welcome to the Community, @AccountableBookkeepingLLC.

I appreciate you following the steps to manage the Owner's draw in QuickBooks Online. Since it is not showing on the balance sheet, let me share the complete process. This way, you can review if we are following the same steps.

You need to create an equity account in QuickBooks Online when documenting an Owner's draw. It will handle and track the business assets withdrawals to pay an owner.

When writing a check for the owner, keep in mind that you can choose the equity account. In this manner, the transaction will appear in your Balance Sheet Equity account.

To create an Equity account:

1. Select the Gear icon at the top and then select Chart of Accounts.
2. In the Chart of Accounts window, select New.
3. From the Account Type drop-down, choose Equity.
4. From the Detail Type drop-down, choose Owner’s Equity.
5. Enter an opening balance.
6. Select Save and Close.

Create a check to pay the owner or your business partner. 

Follow the steps below:

1. Select + New.
2. Click on Check.
3. Choose the bank account to withdraw the money.
4. Select Print later if you want to print the check.
5. Fill in the check fields. In the Account field, select the Owner's equity you created. The memo field is optional. It appears in the register, on printed checks, and on reports that include this check.
6. Select Save and Close or Save and New to create another check.

You now have set up and paid an owner's draw. You can now run the Balance Sheet report to view the equity total and your business's net income for the financial year to date.

You can also check about adding a partner to your books or recording an owner's contribution.

Let me know if you have additional questions about the owner's draw in QuickBooks Online. You can click the Reply button below. I am always here to help. Have a great day.

I completed these steps and owners draw is still not showing up on balance sheet.