How do I set up to pay owner? How do I show funds paid to owner in new QuickBooks Online? – NEWQBO.COM

How do I set up to pay owner? How do I show funds paid to owner in new QuickBooks Online?

Owners Equity Account
Owners Equity Account
  • Create Owner’s Draw account under Equity type
  • Click Gear
  • Select “Chart of Account” under Settings
  • Select “New” button
  • Category Type = Equity
  • Detail Type = Owner’s Equity
  • Name = Owner’s Draw
  • Save

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