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Old 03-21-2009, 10:10 AM
HAS0586 HAS0586 is offline
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Location: Fort Worth, TX
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For Quickbooks users - Partners Draw

New Quickbooks user, and new to accounting. I have two partners who work with me about three days out of the week. I know how to enter time worked and figure each of our draws based on that. My question is, is there a way to figure out how much to draw out for each partner based on the amount per job worked, rather than time worked? I don't want to be bothered with tracking time when not necessary.

Thanks in advance!

- Hunter
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Old 03-21-2009, 12:17 PM
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terrapro terrapro is offline
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legally it is based off a percentage of stake in the company or partnership that should have been set up during the start up process. they and you get a percentage of whatever profit is left over from your business activities. just cut the check at the end of the month and put it under a sub account named after the partner in owners draws.
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Old 03-21-2009, 12:54 PM
HAS0586 HAS0586 is offline
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thanks for our response Terrapro, my partners and I each have an equal share in the business. But I work 4-5 days a week and they work for three. So I should be making more than them. I realize I can just run the numbers myself and figure out what we each get paid, but I was just wondering how i would record this in quickbooks without changing our equity.

Hope that makes sense.

- Hunter
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