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QuickBooks Team

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Thank you for joining the thread, @chrishelle.

 

Let me share some ways to record payments to owners draw in QuickBooks Online.

 

First, record the payment to the undeposited funds then deposit it to your bank account. Then, add the owners draw account as a negative amount under the Add funds to this deposit section.

 

To record the payment:

 

  1. Select Receive Payment from the Plus (+) icon.
  2. Choose a customer under the Customer section.
  3. Enter the payment date, payment method, and select Undeposited Funds under Deposit to.
  4. On the Outstanding Transactions section, select the invoice you want to pay, enter the payment amount. 
  5. Save the transaction.

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To deposit the payment:

 

  1. Under Other, pick Bank Deposit from the Plus (+) icon.
  2. Pick a bank account where you want to deposit the amount under the Account section.
  3. Go to the Select the payments included in this deposit section, then check the box on the transaction/s you want to deposit. 
  4. Go to the Add funds to this deposit section, then select the Owners draw account under the Account column,  and add the amount as negative.
  5. Save the deposit.

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You can also reach out to a professional accountant for other ways of recording the transaction.

 

As always, feel free to skim through our help articles as your reference in the future.

 

Let me know if you have any other questions. I'm more than happy to help however I can. Have a great day!

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