You can take owner's distributions (owner's draw) by transferring funds from your business to personal accounts in order to pay yourself. We recommend using your allocation guide to determine these amounts since you'll want to ensure you're operating within your business net profit. Your allocation guide helps calculate how much money you should set aside in order to stay on track with your saving goals.
The way your allocation guide works is, you'll let us know how much of your earnings you're looking to save and on what: taxes, retirement, owner's draw, etc– and once a month we'll provide you with estimates on how much to allocate based on your last month's earnings and the guide you've set.
To find and edit your allocation guide you'll need to log in to your Heard account then click on "Your Business". Once in that section you'll click on "Allocation Guides" and then click "Edit" to make changes to the owners draw since that's the area you set to "pay yourself".
If you're not sure what percentage of your earnings to set aside for your owners distribution, reach out to the Heard Team through Conversations and we'll help you determine what's best based on your business's net profit.