Open the company statement
Go to Companies from the navigation menu.
Select the company you want to review.
Open the Company tab.
Select Statements.
Use the date selector to choose the statement period you want to review.
Review statement details
The monthly company statement shows financial activity for the selected period and helps determine the amount available for owner draws.
Expand any available statement sections to review transaction details. Sections such as income, expenses, or other activity may include dropdowns that show the related invoice or transaction details.
The Ending Balance represents the company’s current bank balance for the selected statement period.
Calculate the available draw amount
To estimate the amount available for owner draws, start with the ending balance and subtract amounts that should remain in the company account, including:
Security deposits
Draw reserve
Outstanding liabilities, such as unpaid vendor bills, management fees, or prepaid rent when using accrual accounting
The remaining balance is the maximum amount available for owner draws.
Set the draw reserve
The draw reserve is the minimum amount that should remain in the company account.
Open the company information area.
Locate the Draw Reserve field.
Enter the desired reserve amount.
Click Save.
Print owner statements
From the Statements tab, click Print Statements.
Select the statement type and statement period.
Continue to generate the statement.
Make sure pop-ups are enabled in your browser. Owner statements may open in a new window.
For instructions on emailing statements directly to owners, please refer to the guide Sending and Viewing Owner Statements.