Setting up Partner Draws

The credit is to cash.  The debit would be to a current asset account.  I usually call it due from Partner-name.  It's not really a "draw" because paying back and you are not allowing draws at this point.  "Draws" usually need to be approved by the ownership team and typically Partners should not be able to charge or write checks for personal items.

When you actually have "draws" you would create a sub account under the partners capital account called "Partner draws".  That is where the debits for a draw would go.

Hope this helps.  Please mark as solved if it did or ask another question.  Thanks iXena.