Q re use of GnuCash for Startup Business

[Anonymous User]

I've come to gnucash as I despise Quicken and as a result decided not to
even try Quickbooks.

 

(I did search for an answer before asking here.)

 

At the beginning of the year, I decided to turn a hobby into a (very) small
business. I make handmade soaps.

 

I work at a normal job, so this startup will be a very gradual process for
me.  I plan to use "extra" cash as I have it, to fund the purchase of
supplies to make soap until I have a sufficient inventory to offer it for
sale.  I'm estimating this will take about two months.

 

Anyhow, how do I enter my initial purchases in gnucash for supplies that
I've paid for out of my personal checking or credit card account?

 

I have no accounting or business background, but nor am I stupid, so if you
can provide me a link or advice, I probably can take it from there without
requiring too much hand holding.

 

I thank you for your time and consideration.

 

William

 

 



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