Owner Draws


B

Bill & Debbie

When I look at the "Balance Sheet", it shows owner draws as a current amount
in an equity account. I wish to know how can I determine what the owner
draws total would be for a fiscal year? I am going crazy trying to find
this information without having to manually add up the checks that were
written for owner draws.

Thanks in advance for any help,
Bill
 
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Q

QBConsultant

When I look at the "Balance Sheet", it shows owner draws as a current amount
in an equity account.  I wish to know how can I determine what the owner
draws total would be for a fiscal year?  I am going crazy trying to find
this information without having to manually add up the checks that were
written for owner draws.

Thanks in advance for any help,
Bill

Double click on owner's draws in the chart of accounts to open the
register. Then right click somewhere in the owner's draws register
and select quick report. Change the dates to the fiscal year that you
want!

Michelle L. Long, CPA, MBA
Author of: Successful QuickBooks Consulting: The Complete Guide to
Starting and Growing a QuickBooks Consulting Business
http://www.SuccessfulQuickBooksConsulting.com
http://www.amazon.com/Successful-QuickBooks-Consulting-Comprehensive-Starting/dp/1434810690
 
B

Bill & Debbie

When I look at the "Balance Sheet", it shows owner draws as a current
amount
in an equity account. I wish to know how can I determine what the owner
draws total would be for a fiscal year? I am going crazy trying to find
this information without having to manually add up the checks that were
written for owner draws.

Thanks in advance for any help,
Bill

Double click on owner's draws in the chart of accounts to open the
register. Then right click somewhere in the owner's draws register
and select quick report. Change the dates to the fiscal year that you
want!

Michelle L. Long, CPA, MBA
Author of: Successful QuickBooks Consulting: The Complete Guide to
Starting and Growing a QuickBooks Consulting Business
http://www.SuccessfulQuickBooksConsulting.com
http://www.amazon.com/Successful-QuickBooks-Consulting-Comprehensive-Starting/dp/1434810690

Thanks you so much! I spent many hours trying to figure this out.
Bill
 
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H

Haskel LaPort

Bill & Debbie said:
When I look at the "Balance Sheet", it shows owner draws as a current
amount in an equity account. I wish to know how can I determine what the
owner draws total would be for a fiscal year? I am going crazy trying to
find this information without having to manually add up the checks that
were written for owner draws.

Thanks in advance for any help,
Bill
On January 1st of each year make a journal entry crediting owners draw and
debiting owners capital for the amount of draws taken in the prior year.
 

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