Owner Draws
Accounting & Bookkeeping Glossary
Definition
Owner draws are withdrawals of cash or assets from the business by the owner for personal use. They're not a business expense — they reduce equity. How you handle owner draws affects your tax situation, so they need to be recorded properly and separately from salary or guaranteed payments. Your CPA will have opinions on the best structure.
Need help with owner draws?
Learn more about our professional bookkeeping services and how we can help your business.
Professional Bookkeeping ServicesRelated Terms
Need bookkeeping help?
Let Steph's Books handle your books so you can focus on running your business.