Do you need to know what is an owner draw in QuickBooks? Setting up owner draw accounts and depositing money taken out of the business bank account for personal purposes to the draw accounts are required for recording draws in QuickBooks. Maintaining current and prior year draw accounts for tax purposes is also beneficial. Establish draw accounts.
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Do you need to know what is an owner draw in QuickBooks? Setting up owner draw accounts and depositing money taken out of the business bank account for personal purposes to the draw accounts are required for recording draws in QuickBooks. Maintaining current and prior year draw accounts for tax purposes is also beneficial. Establish draw accounts.
