Question
How to enter into QB Desktop Pro 2013 a partner's draw from equity account in multi-partner LLCHow to enter a partner's draw from equity account in multi-partner LLC
Our multi-partner LLC has equity accounts set up for each of the partners into which their capital contributions were entered when the LLC was formed. Each year we have adjusted the equity in each account to reflect the gains or losses by the company. Now one of the partners wants to take a draw from their equity account. We already wrote a wired withdrawal to him but don't know how to enter the necessary transaction(s) to properly record this into QB Desktop Pro 2013 and correct the share of ownership for each partner???
