what type of account is owner's draw
Overview. An owner's draw account is an equity account in which QuickBooks tracks withdrawals of the company's assets to pay an owner. This article explains how to set up and process an owner's draw account.etails. To create an owner's draw account: 1  Choose Chart of Accounts or press CTRL + A on your keyboard. 2  At the bottom left choose New. 3  Click Continue. 4  Enter the account name (Owner s Draw is recommended) and description.