Do you want to use QuickBooks to track withdrawals of firm funds to pay an owner? If you believe this is the case, we'd like to point you that you can easily do so using QuickBooks' owner's draw account. A Full Setup In both What Does Owner's Draw Mean in Quickbooks and QuickBooks Desktop can be very confusing. Maybe you're having trouble deciding which account to use. However, you may already have that type of account in QuickBooks. The previous year's and current year's draw accounts must be kept for tax purposes.