Owner Draw

To record an owner draw you will need to have an equity GL account set up. Go to Ledger -> Accounts -> New GL Account, if you need to create a new account.

If you are making a new Owner Draw account, be sure to set the Account Type to Equity. 

You can record the draw a couple of different ways:

1) Create a vendor record for the owner to be paid, then go to Expenses -> Checks -> Manual Checks and create a payment to that vendor. Select the equity account that was set up for the owner in the GL Account column.

2) Create a direct journal entry for the payment by going to Ledger -> Journal Entries -> New Journal Entry. Select the equity account for the owner (debit/positive amount) and the GL account the money is coming from (credit/negative amount). This can be used especially in the case where the transfer is electronic.