I understand the basic differences between these two accounts, and as a sole owner LLC, I have both an Owner Draw, and Owner Equity account set up (both account types equity).

I recently did a couple of transactions which made me wonder if I'm handling these correctly in QB.

I had a customer pay in cash, $4000.  I deposited $3000 of that in my bank account.  On the Make Deposits screen, I selected the customer, then at the bottom, I chose "cash back goes to <owner draw account>", then entered $1000 for the cash back amount.  I think that much is correct.  However, today I deposited (2) more cash payments, and I Decided that I would also include some of the $1000 I held back from the last deposit.  How I handled this, was I put a check mark next to both customer names in the deposit list, then on the next blank line, I entered my name as the Payee, and in the next box "deposit from", I chose <owner draw> account.  Is that correct?

I was looking at my owner draw account in Chart of Accounts, and I noticed that almost all of the transactions are in the "decrease" column, except for a few which are in the "increase column".  The Owner Draw account is negative.

Thank you.