[GNC] Start up cost in GnuCash

[Murugan Muruganandam]

Congrats on your new business, without going into the norms, from the accounting perspective following is an option

Create an accounts payable account say Personal Credit Card

Dr Expenses:office supplies
Cr Ac Payabale: Personal Credit Card


Once your business pays back to you or credit card

Dr Ac Payable: Personal Credit Card
Cr Equity: Startupcost:



Saludos Cordiales


Murugan

________________________________
From: gnucash-user <gnucash-user-bounces+m.muruganandam=hotmail.com at gnucash.org> on behalf of Joel via gnucash-user <gnucash-user at gnucash.org>
Sent: Tuesday, January 24, 2023 4:18 PM
To: gnucash-user at gnucash.org <gnucash-user at gnucash.org>; j1223aw at aol.com <j1223aw at aol.com>; taneshia_wade1 at aol.com <taneshia_wade1 at aol.com>; freedmensoasis at gmail.com <freedmensoasis at gmail.com>
Subject: [GNC] Start up cost in GnuCash

Hello Gnucash, We are trying to figure out how to enter into gnucash the initial expenses or startup cost for the business we have been putting on our personal credit card to start this new business.
Thank you in advance for your help.
Taneshia and Joel
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