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....@gnucash.org> on behalf of Joel via gnucash-user <gnucash-user@gnucash.org> Sent: Tuesday, January 24, 2023 4:18 PM To: gnucash-user@gnucash.org <gnucash-user@gnucash.org>; j122...@aol.com <j122...@aol.com>; taneshia_wa...@aol.com <taneshia_wa...@aol.com>; freedmensoa...@gmail.com <freedmensoa...@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 _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All. _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
