How do I account for owners draw in quickbooks and how does it affect my taxes

I checked how I have this set up in my chart of accounts. It shows up on the balance sheet.  

Account name: Owner draw

Account type: Equity

Detail type: Owner's equity

Description: Owner draw

Many people think that how you set up an account in Quickbooks is the determinant of taxes. Actually, what happens is that your accountant puts each account total into the right spot on your returns. Your accountant would be best to tell you how it impacts taxes, but I am going to guess: not as much as you think. If your net income for a year is 100k, you would owe taxes on all of that whether you or not you had zero owner draw or 100% of that amount. I am basing this on a sole proprietor. Maybe there is a different answer for S Corp.