Quickbooks: Are Guaranteed Payments also Expenses?

If so, how should I account for them at tax time? I have not set up an expense account in qb - however, I have an equity account called 'Distributions' for each LLC partner. On the Balance Sheet this information is shown however on the P&L it is not. My concern is that if I post guaranteed payments as expenses it will negate my net profit -- and become an overall loss.