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The owner's create a draw account in QuickBooks, also known as the owner's draw account in QuickBooks, is an equity account that allows QuickBooks Desktop and QuickBooks Online users to track and monitor the withdrawals of company assets when compensating firm owners. Compensation draws are sometimes used instead of paying salaries for personal work by business owners. A draw occurs when a business owner takes money out of the bank or picks up funds for personal purposes. Drawings is the accounting term for this.
how to create an owner's draw account in QuickBooks online