Reducing balance of "Owner's Investment" account in Quickbooks?

Hi folks,

How would one go around to reducing the money in owner's investment in quickbooks? I have put in $250 of my own for various expenses when the company started up, and now that the company can afford to pay this back to me I am wondering how to reflect this in quickbooks.

I don't think I want to do a "distribution" as I guess this may reflect an "income" on my part (I may be wrong). This $250 is not really an income for me, just a payback on money loaned by me to my company...

Thanks in advance

There are two ways to do this you get to pick:

First way is easy, simply write a check out to yourself and in the account line use the "owner's investment" account. This will subtract from that balance just as the deposits into the company added to that account
Second is to setup a sub account under the owner's investment (best if both the owner's investment and the owner's draw are subs to "Owner's equity"
The new account "owner's draw" will subtract and they will both net out when you have been completely repaid.

Either way you do it you will not count it as income as it is a repayment of your own money that the company recieved from you earlier.